An annuity has an interest rate of 7% and makes a quarterly payment of $2,000. The annuity

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An annuity has an interest rate of 7% and makes a quarterly payment of $2,000. The annuity is to last for 5 years. What is the present value of the annuity?

$32,801.58

$2,118.80

$8,200.40

$33,505

Related Book For answer-question

Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: Jun 09, 2022 02:22 AM

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An annuity has an interest rate of 7% and makes a quarterly payment of $2,000. The annuity

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Fundamentals of Financial Accounting

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