Multiple Choice
Present Value of an Annuity Due If the present value of an ordinary,4-year annuity is $1,000 and interest rates are 6 percent,what is the present value of the same annuity due?
A) $943.40
B) $1,000.00
C) $1,040.00
D) $1,060.00
Correct Answer:
Verified
Correct Answer:
Verified
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