Multiple Choice
If the present value of an ordinary, 10-year annuity is $25,000 and interest rates are 7 percent, what is the present value of the same annuity due?
A) $23,644.49
B) $24,997.51
C) $25,000.00
D) $26,750.00
Correct Answer:
Verified
Correct Answer:
Verified
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