Multiple Choice
What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,800 at the end of Year 4 if the interest rate is 5%?
A) $11,881.98
B) $11,104.66
C) $12,881.40
D) $9,327.91
E) $12,215.12
Correct Answer:
Verified
Correct Answer:
Verified
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