Johnson Has an Annuity Due That Pays $600 Per Year

question 93

Multiple Choice

Johnson has an annuity due that pays $600 per year for 15 years.What is the present value of the cash flows if they are discounted at an annual rate of 7.50%?

• A)$5,296.27
• B)$5,693.49
• C)$9,000.00
• D)$9,675.00

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