Top Posters
Since Sunday
s
3
v
3
p
3
m
2
s
2
d
2
N
2
d
2
e
2
s
2
s
2
e
2
Home Q & A Board Other Fields Homework Help Business
New Topic  
Rickos Rickos
wrote...
Go to Answer
Posts: 1281
Rep: 2 0
7 years ago
What is the present value of an annuity of $12 received at the end of each year for seven years? Assume a discount rate of 11%. The first payment will be received one year from today (round to the nearest $1).
A) $25
B) $40
C) $57
D) $118
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
Read 91 times
2 Replies
Replies
Answer verified by a subject expert
LutionalLutional
wrote...
#1
Top Poster
Posts: 752
Rep: 33 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Rickos Author
wrote...
#2
7 years ago
You saved my grade for me. I can't thank you enough.
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1267 People Browsing
 147 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1188
  
 356
  
 531
Your Opinion
Who will win the 2024 president election?
Votes: 119
Closes: November 4
Previous poll results: Which 'study break' activity do you find most distracting?