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Johnson Has an Annuity Due That Pays $600 Per Year

Question 93

Multiple Choice

Johnson has an annuity due that pays $600 per year for 15 years.What is the present value of the cash flows if they are discounted at an annual rate of 7.50%?


A) $5,296.27
B) $5,693.49
C) $9,000.00
D) $9,675.00

Correct Answer:

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