-Stranton Company is considering investing in an annuity contract that will return $40,000 annually at the end of each year for 12 years. Stranton has obtained the following values related to the time value of money to help in its planning process and compounded interest decisions. To the closest dollar, what amount should Stranton Company pay for this investment if it earns a 9% return?
A) $497,066
B) $592,507
C) $805,629
D) $286,429

Question

-Stranton Company is considering investing in an annuity contract that will return $40,000 annually at the end of each year for 12 years. Stranton has obtained the following values related to the time value of money to help in its planning process and compounded interest decisions.  To the closest dollar, what amount should Stranton Company pay for this investment if it earns a 9% return?
A) $497,066 
B) $592,507 
C) $805,629 
D) $286,429

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The Answer of 
-Stranton Company is considering investing in an annuity contract that will return $40,000 annually at the end of each year for 12 years. Stranton has obtained the following values related to the time value of money to help in its planning process and compounded interest decisions.  To the closest dollar, what amount should Stranton Company pay for this investment if it earns a 9% return?
A) $497,066 
B) $592,507 
C) $805,629 
D) $286,429

-Stranton Company Is Considering Investing in an Annuity Contract That