Multiple Choice
If the future value of an annuity due is $25,000 and $24,000 is the future value of an ordinary annuity that is otherwise similar to the annuity due,what is the implied discount rate?
A) 1.04%
B) 4.17%
C) 5.00%
D) 8.19%
Correct Answer:
Verified
Correct Answer:
Verified
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