Solved

What Is the PV of an Ordinary Annuity with 5

Question 127

Multiple Choice

What is the PV of an ordinary annuity with 5 payments of $6,200 if the appropriate interest rate is 4.5%?

A) $30,484.00
B) $22,863.00
C) $30,211.82
D) $27,217.86
E) $21,502.11

Related Questions

Q102: Your bank account pays a 6% nominal

Q123: Ten years ago,Lucas Inc.earned $0.50 per share.Its

Q124: Last year Thomson Inc's earnings per share

Q125: Your father is about to retire,and he

Q126: Master Card and other credit card issuers

Q128: Your girlfriend just won the Florida lottery.She

Q129: You plan to invest in securities that

Q131: If we are given a periodic interest

Q131: Charter Bank pays a 5.00% nominal rate

Q132: How much would $5,000 due in 25