Multiple Choice
You own a contract that promises an annuity cash flow of $100 beginning-of-the-year cash flows for each of the next three years (note: the first cash flow is today) .At an interest rate of 10%,what is the present value of this contract?
A) $248.69
B) $273.55
C) $331.00
D) $364.10
Correct Answer:
Verified
Correct Answer:
Verified
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