What is the present value of an annuity of $4,000 received at the begi
What is the present value of an annuity of $4,000 received at the beginning of each year for the next
eight years? The first payment will be received today, and the discount rate is 9% (round to nearest
$1).
A) $35,712 B) $24,132 C) $25,699 D) $36,288
ANSWER
B
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