(SOLVED) Compute the present value of a 100 annual annuity


Question Description:

$15

Compute the present value of a $ 100 annual annuity for the same combination of rates and time periods as in problem l.
a. r = 8%, t = 10 years
b. r = 8%, t = 20 years
c. r = 4%, t = 10 years
d. r = 4%, t = 20 years

Answer

$15