# The present value of an annuity of $10,000 per year for 10 years discounted at 8 percent is what amount? a. $5,002 b. $67,101 c. $53,349 d. $80,000

The present value of an annuity of $10,000 per year for 10 years discounted at 8 percent is what amount?

a. $5,002

b. $67,101

c. $53,349

d. $80,000

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**Related Book For**

## Financial Accounting

**ISBN:** 9781264229734

11th Edition

**Authors:** Robert Libby, Patricia Libby, Frank Hodge

**Question Details**

Chapter #

**9**Section: Multiple Choice

Problem: 8

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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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