Mike Carlson will receive $12,000 a year from the end of the third year to the end of the 12^th year (10 payments). The discount rate is 10%. The present value today of this deferred annuity is ______. A) $61,450 B) $42,185 C) $60,909 D) $55,379

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The Answer of Mike Carlson will receive $12,000 a year from the end of the third year to the end of the 12^th year (10 payments). The discount rate is 10%. The present value today of this deferred annuity is ______. A) $61,450 B) $42,185 C) $60,909 D) $55,379

Mike Carlson Will Receive $12,000 a Year from the End