What is the future value 10 years from now, of an annuity that pays a constant payment
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Question:
What is the future value 10 years from now, of an annuity that pays a constant payment of $900 at the beginning of each year for 10 years? Assume an opportunity cost of capital of 5.00%.
A. $12,647
B. $11,886
C. $11,034
D. $7,297
E. I choose not to answer
Related Book For
Construction accounting and financial management
ISBN: 978-0135017111
2nd Edition
Authors: Steven j. Peterson
Posted Date: