An annuity is set up that will pay 51.400 per year for nine years. What...

50.1K

Verified Solution

Question

Accounting

image
An annuity is set up that will pay 51.400 per year for nine years. What is the present value (PV) of this annuity given that the discount rate is 4%? O A. $6,245 B. $12,491 c. $10.409 OD. $14,573

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