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Question 168

Multiple Choice

Use this information to answer the following question. Use this information to answer the following question. What is the present value of receiving $1,200 at the end of each year for three years at a 12% interest rate? A) $3,366.00 B) $979.20 C) $2,937.60 D) $3,148.80 What is the present value of receiving $1,200 at the end of each year for three years at a 12% interest rate?


A) $3,366.00
B) $979.20
C) $2,937.60
D) $3,148.80

Correct Answer:

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