Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. an annuity makes 5 equal annual payments of $2,000

An annuity makes 5 equal annual payments of $2,000. The first payment begins in exactly...

90.2K

Verified Solution

Question

Finance

image

An annuity makes 5 equal annual payments of $2,000. The first payment begins in exactly 12 years. If the relevant discount (interest) rate is 10, what is the present value (today) of the annuity? None of these are correct. $2,600 $2,073 $3,215 $2,657

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