What Is the PV of an Ordinary Annuity with 10

question 32

Multiple Choice

What is the PV of an ordinary annuity with 10 payments of $4,400 if the appropriate interest rate is 5.5%?

• A) $34,492.18
• B) $38,472.04
• C) $34,160.52
• D) $27,527.41
• E) $33,165.55

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