Multiple Choice
How much must be invested today in order to generate a 5-year annuity of $1,000 per year,with the first payment 1 year from today,at an interest rate of 12%?
A) $3,604.78
B) $3,746.25
C) $4,037.35
D) $4,604.78
Correct Answer:
Verified
Correct Answer:
Verified
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