Multiple Choice
What's the present value of a 4-year ordinary annuity of $2, 250 per year plus an additional $3, 000 at the end of Year 4 if the interest rate is 5%?
A) $8, 509
B) $8, 957
C) $9, 428
D) $9, 924
E) $10, 446
Correct Answer:
Verified
Correct Answer:
Verified
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