What is the present value factor for an annuity of five periods and an interest rate of
Question:
What is the present value factor for an annuity of five periods and an interest rate of 10 percent?
a. 0.62092
b. 4.32948
c. 3.79079
d. 7.72173
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Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
Question Posted:
Related Video
he present value of an annuity is the current value of future payments from an annuity, given a specified rate of return, or discount rate. The higher the discount rate, the lower the present value of the annuity
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