Multiple Choice
What is the present value of a 5-year ordinary annuity with annual payments of $200,evaluated at a 15 percent interest rate?
A) $670.43
B) $842.91
C) $1,169.56
D) $1,348.48
E) $1,522.64
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q16: You have some money on deposit in
Q17: Suppose someone offered you your choice of
Q18: You have just taken out a 30-year,$120,000
Q19: If $100 is placed in an account
Q20: Financial calculator and tabular methods use different
Q22: Gomez Electronics needs to arrange financing for
Q23: You can deposit your savings at the
Q24: Union Atlantic Corporation,which has a required rate
Q25: We can think of inflation occurring over
Q26: You just graduated,and you plan to work