Question: not too sure on homework problem An annuity is set up that will pay $1,100 per year for eight years. The first cash flow will

not too sure on homework problem

An annuity is set up that will pay $1,100 per year for eight years. The first cash flow will take place one you from today. What is the present value (PV) of this annuty given that the discount rate is 9%? A. $3,653 B. $8,523 OC. $6,088 OD. $7,306

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