A 5-year ordinary annuity has a present value of
$1,000. If the interest rate is 8 percent, the
amount of each annuity payment is closest
to which of the following?
Answer:
O
231.91
250.44
O 170.44
0181.62
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4
Answer:
Explanation:
A 5-year ordinary annuity has a present value of
$1,000. If the interest rate is 8 percent, the
amount of each annuity payment is closest
to which of the following?
Answer:
O
231.91
250.44
O 170.44
0181.62
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