Question: Bill makes $ 1 0 0 payments at the end of each year for 5 years. If interest rates are 8 % , what is

Bill makes $100 payments at the end of each year for 5 years. If interest rates are 8%, what is the present value of this annuity stream?
Multiple Choice
$475
$399.27
$455.63
$500
Bill makes $100 payments at the end of each year for

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