Multiple Choice
Sammy has just inherited an annuity.He will receive six equal annual amounts of $8, 000, beginning today.Assuming a 12% interest rate compounded annually, the present value today of all receipts is
A) $30, 535
B) $32, 891
C) $36, 838
D) $48, 000
Correct Answer:
Verified
Correct Answer:
Verified
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