Calculate the present value of a deferred annuity of 20 annual payments of $25,000 each The interest rate is 8.5% compounded annually and the first payment will be made in six years.
A) $306,472
B) $211,760
C) $157,339
D) $145,013
E) $104,289

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The Answer of Calculate the present value of a deferred annuity of 20 annual payments of $25,000 each The interest rate is 8.5% compounded annually and the first payment will be made in six years.
A) $306,472
B) $211,760
C) $157,339
D) $145,013
E) $104,289

Calculate the Present Value of a Deferred Annuity of 20