​Consider a Fixed­payment Security That Pays $100 at the End

question 17

Multiple Choice

​Consider a fixed­payment security that pays $100 at the end of every year for five years.If the annual rate of discount is 7 percent, the present value of the security is

• A)​$142.64.
• B)​$410.02.
• C)​$789.34.
• D)​$999.63.

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