Question: Please can you help me solve this question : What would be the present value of an annuity due that has 40 annual equal payments

Please can you help me solve this question :

Please can you help me solve this question : What would be

What would be the present value of an annuity due that has 40 annual equal payments of $1,000? The interest rate is 8% continuously compounding O $11,925 O $12,879 O $12,476 O $10,369

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!