Question: plz help with this practice q Term 1 year 2 years 3 years 5 years 7 years 10 years 20 years Rate (EAR, %) 1.99
plz help with this practice q
| Term | 1 year | 2 years | 3 years | 5 years | 7 years | 10 years | 20 years |
| Rate (EAR, %) | 1.99 | 2.41 | 2.74 | 3.32 | 3.76 | 4.13 | 4.93 |
What is the present value of an investment that pays $100 at the end of each of years 1, 2, and 3? If you wanted to value this investment correctly using the annuity formula, which discount rate should you use?
The present value of the investment is $285.6285.
question: To value this investment correctly using the annuity formula, use the discount rate ____% (5 decimal places)
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