Multiple Choice
The present value of an annuity of $800,received at the end of every month for 20 years,where the required rate of return is 6.5% per annum,compounded monthly,is:
A) $33 366.03
B) $43 367.94
C) $107 300.02
D) $192 000.00
Correct Answer:
Verified
Correct Answer:
Verified
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