Question: dont use excel formula plaese QUESTION If I were receiving a deferred annuity of $12,000 per year starting five years from today and ending in

dont use excel formula plaese

QUESTION If I were receiving a deferred annuity of $12,000 per year starting five years from today and ending in year 8 (4 payments) what would be its value today if the discount rate is 12%? Assume that no cash flows occur in the first four years. a. $23,889.45 b. $23,163.00 c. $29,950 d. $60,000

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