Multiple Choice
Calculate the present value of a deferred annuity of 20 annual payments of $100,000 each The interest rate is 13.5% compounded annually and the first payment will be made 11 years from now.
A) $169,340
B) $593,451
C) $218,148
D) $681,890
E) $192,201
Correct Answer:
Verified
Correct Answer:
Verified
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