What is the present value of the following annuity? $3,491 every year at the end of...

Question

Question

Answer 1

Answer #1

Present value=$18,525.18

Working

Present value= amount received x Present value annuity factor

Present value= 3491 x 5.30655=$18,525.18

.

Please make sure to use PVA factor if any available to you because the exact answer maybe little different because of rounding in pv factor

Answer 2

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