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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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Financial Accounting

Financial Accounting

ISBN: 9781264229734

11th Edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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Question Details
Chapter # 9
Section: Multiple Choice
Problem: 8
Posted Date: September 27, 2022 03:35:10
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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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