Consider a five-year fixed-payment security that has a present value of $1,500.If the annual rate of discount is 2 percent, the payment made at the end of each year is
A)$231.77.
B)$288.24.
C)$300.00.
D)$310.00.

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The Answer of Consider a five-year fixed-payment security that has a present value of $1,500.If the annual rate of discount is 2 percent, the payment made at the end of each year is
A)$231.77.
B)$288.24.
C)$300.00.
D)$310.00.

Consider a Five-Year Fixed-Payment Security That Has a Present Value