Lora is going to receive $10,000 a year at the end of each of the next five
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Question:
Lora is going to receive $10,000 a year at the end of each of the next five years from her education cost. using a discount rate of 14% the present value of the receipts can be stated as:
a. annuity FV factor, i=14%, n=5
b. PV factor i=14% ,n=5
c. annuity PV factor, i=14%, n=5
d. FV factor, i=14%, n=5
Expert Answer:
C PV 10000 Ordinary Annuity PV factor i14n15 Explanation For Calculating the Present Va... View the full answer
Related Book For 
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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