To Compute the Present Value of $1,000 Annuity Received at the End

question 6

Multiple Choice

To compute the present value of $1,000 annuity received at the end of each of the next three years and discounted at the rate of 5% per year, you should use he following EXCEL command.

• A) ANN
• B) TVM
• C) RATE
• D) PV

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