What Is the PV of an Ordinary Annuity with 5

question 68

Multiple Choice

What is the PV of an ordinary annuity with 5 payments of $8,500 if the appropriate interest rate is 4.5%?

• A) $31,717.58
• B) $38,434.25
• C) $44,031.47
• D) $37,314.80
• E) $29,851.84

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