Question

An annuity is set up that will pay $1,500 per year for eight years. What is the present value (PV) of this annuity given that the discount rate is 9%? ○ A. $9,962 OB. $4,981 OC. $11,623 OD. $8.302please choose one answer

0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
please choose one answer An annuity is set up that will pay $1,500 per year for...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT