You have an annuity of equal annual end-of-the-year cash flows of $500 that begin three years from today and last for a total of ten cash flows.Using a discount rate of 4%,what are those cash flows worth in today's dollars?
A)$3,899.47
B)$4,055.45
C)$3,749.49
D)$3,957.61

Question

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The Answer of You have an annuity of equal annual end-of-the-year cash flows of $500 that begin three years from today and last for a total of ten cash flows.Using a discount rate of 4%,what are those cash flows worth in today's dollars?
A)$3,899.47
B)$4,055.45
C)$3,749.49
D)$3,957.61

You Have an Annuity of Equal Annual End-Of-The-Year Cash Flows