What Is the Present Value of an Annuity of $27

question 27

Multiple Choice

What is the present value of an annuity of $27 received at the beginning of each year for the next six years? The first payment will be received today, and the discount rate is 10% (round to the nearest $10) .

• A)$120
• B)$130
• C)$100
• D)$110

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Definitions:

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