Estimate the present value of an annuity if payments are $1,500 monthly for 15 years and the account earns interest at the rate of 10% per year compounded continuously. Round your answer to the nearest dollar.
A) $124,516
B) $124,708
C) $131,206
D) $126,483
E) $139,837

Question

Estimate the present value of an annuity if payments are $1,500 monthly for 15 years and the account earns interest at the rate of 10% per year compounded continuously. Round your answer to the nearest dollar. ​
A) $124,516
B) $124,708
C) $131,206
D) $126,483
E) $139,837

Quizplus · Accepted Answer

The Answer is E

Estimate the Present Value of an Annuity If Payments Are