Answered You can hire a professional tutor to get the answer.
QUESTION
What's the present value of a 4-year ordinary annuity of $4,000 per year plus an additional $2,000 at the end of Year 4 if the interest rate is 3%?
What's the present value of a 4-year ordinary annuity of $4,000 per year plus an additional $2,000 at the end of Year 4 if the interest rate is 3%?
a. $16,645.37
b. $17,225.22
c. $18,000.00
d. $18,750.00
e. $19,350.75
