Multiple Choice
Suppose that you have a series of payments: $100 in year 1, $150 in year 2 and $200 in year 3. If annual interest rate is 10%, what is the equivalent annuity for this series?
A) $150.00
B) $146.82
C) $142.33
D) $140.11
E) $135.68
Correct Answer:
Verified
Correct Answer:
Verified
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