What is the present value of an annuity of $12 received at the end of each year for seven years? Assume a discount rate of 11%. The first payment will be received one year from today (round to the nearest $1).
A) $25
B) $40
C) $57
D) $118

Name: What is the present value of an annuity of $12 received at the end of each year for seven years? Assume a discount rate of 11%. The first payment will be received one year from today (round to the nearest $1). A) $25 B) $40 C) $57 D) $118
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The Answer is C

What Is the Present Value of an Annuity of $12