What does $159,900 represent in the following equation?
A)interest rate per period
B)present value of the annuity
C)total number of payments(periods)
D)future value of the annuity
E)interest rate per year

Name: What does $159,900 represent in the following equation? A)interest rate per period B)present value of the annuity C)total number of payments(periods) D)future value of the annuity E)interest rate per year
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

What does $159,900 represent in the following equation? ​  ​
A)interest rate per period 
B)present value of the annuity 
C)total number of payments(periods) 
D)future value of the annuity 
E)interest rate per year

Quizplus · Accepted Answer

$159,900 represents the present value of the annuity.

What Does $159,900 Represent in the Following Equation? ​

What Does $159,900 Represent in the Following Equation?