What is the present value of the following annuity? $2,494 every year at the end...

60.1K

Verified Solution

Question

Accounting

What is the present value of the following annuity? $2,494 every year at the end of the year for the next 12 years, discounted back to the present at 15.21 percent per year, compounded annually?

Round the answer to two decimal places.

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