Question: MC algo 4-54 Calculating Annuity Present Values You will receive 31 annual payments of $24,500. The first payment will be received 4 years from today

MC algo 4-54 Calculating Annuity Present Values You will receive 31 annual payments of $24,500. The first payment will be received 4 years from today and the interest rate is 5.3 percent.

What is the value of the payments today?

Multiple Choice

$386,424.34

$298,499.74

$326,593.83

$300,150.57

$316,058.55

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