The present value of an annuity of $5,000 to be received at the end of every six months for over 6 years at a 4% annual rate would be:
A) $26,210
B) $52,875
C) $3,950
D) none of the above

Question

Quizplus · Accepted Answer

The Answer of The present value of an annuity of $5,000 to be received at the end of every six months for over 6 years at a 4% annual rate would be:
A) $26,210
B) $52,875
C) $3,950
D) none of the above

The Present Value of an Annuity of $5,000 to Be