T. What is an annuity of $10,000 received at the end of every year for 5...

 

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T. What is an annuity of $10,000 received at the end of every year for 5 years worth today if the discount rate is 8%? What is a series of payments of $70,000, $60,000, $50,000, $40,000, and $30,000 received on the first of every year for 5 years worth today if the discount rate is 8%? What is a series of payments of $30,000, $40,000, $50,000, $60,000, and $70,000 received at the end of every year for 5 years worth today if the discount rate is 8%? T. What is an annuity of $10,000 received at the end of every year for 5 years worth today if the discount rate is 8%? What is a series of payments of $70,000, $60,000, $50,000, $40,000, and $30,000 received on the first of every year for 5 years worth today if the discount rate is 8%? What is a series of payments of $30,000, $40,000, $50,000, $60,000, and $70,000 received at the end of every year for 5 years worth today if the discount rate is 8%?

Answer rating: 100% (QA)

To calculate the present value of an annuity or a series of payments we can use the formula PV PMT x ... View the full answer