Estimate the Present Value of an Annuity If Payments Are

question 156

Multiple Choice

Estimate the present value of an annuity if payments are $1,500 monthly for 12 years and the account earns interest at the rate of 9% per year compounded continuously.

• A) $105,563
• B) $86,116
• C) $129,803
• D) $132,081
• E) $104,177

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