Multiple Choice
Tom liquidates an investment, and his proceeds will be received in 8 annual payments of $10,000 each with interest computed at 7%. What is the Present Value of this Annuity?
A) $89,228.00
B) $59,713.00
C) $17,181.90
D) $5,820.10
Correct Answer:
Verified
Correct Answer:
Verified
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