Multiple Choice
What is the present value of an annuity of $4,000 received at the beginning of each year for the next eight years? The first payment will be received today,and the discount rate is 9% (round to nearest $1) .
A) $36,288
B) $35,712
C) $25,699
D) $24,132
Correct Answer:
Verified
Correct Answer:
Verified
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