Multiple Choice
Determine the current economic value of a 25-year annuity providing $10,000 per year for the first 10 years, $15,000 for the next 10 years and $25,000 for the last 5 years, given an interest rate of 6.3% compounded annually.
A) $159,025.85
B) $160,980.01
C) $162,432.65
D) $163,854.18
E) $167,525.89
Correct Answer:
Verified
Correct Answer:
Verified
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