What is the present value today of an ordinary annuity cash flow of $3,000 per year for forty years at an interest rate of 10.0% per year if the first cash flow is six years from today?
A) $120,000.00
B) $1,327,777.67
C) $45,138.89
D) $33,730.40
Correct Answer:
Verified
Q24: You are presented with two cash flow
Q37: Given positive equal annual cash flows and
Q44: A never-ending stream of equal periodic,end-of-the-period cash
Q46: Your firm wishes to purchase a financial
Q47: You are paid to teach classes for
Q48: You have accumulated $800,000 for your retirement.How
Q49: Which of the following is NOT a
Q51: You dream of endowing a chair in
Q55: You have just won the Reader's Digest
Q60: Your neighbor owns a perpetuity of $100
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents