9% Compute the present value of an ordinary annuity that pays...

60.1K

Verified Solution

Question

Accounting

image
9% Compute the present value of an ordinary annuity that pays $6,000 per year for 15 years at 12%. Present value of ordinary annuity of $1: 7% 8% 10% 12% 11 7.499 7.139 6.805 6.495 5.938 12 7.943 7.536 7.161 6.814 6.194 13 8.358 7.904 7.487 7.103 6.424 14 8.745 8.244 7.786 7.367 6.628 15 9.108 8.559 8.061 7.606 6.811 O A. $41,586 OB. $40,866 O c. $40,146 OD. $41,266

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students