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An annuity will pay you $5,000 per year for six years. The first payment will...

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Question

Finance

An annuity will pay you $5,000 per year for six years. The first payment will occur at the end of Year 5. When you employ the PV formula to compute the present value of the annuity, the result will be the PV as of the end of:

Multiple Choice

a. Year 4.

b. Year 2.

c. Year 1.

d. Year 3.

e. Today, Year 0.

Which choice is correct?

Answer & Explanation Solved by verified expert
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