What is the PV of an annuity due with 5 payments of $1,000 at an interest rate of 5%?
1)$1,736.50
2)$4,329.48
3)$432.94
4)$5,025.00
5)$4.750.00
What is the PV of an annuity due with 5 payments of $1,000 at an interest rate of 5%?
28
Mar
bargaineering.com
March 28, 2010 at 1:15 am
2
it’s $4329.4767
Math Man
March 28, 2010 at 1:29 am
None of the above. It’s actually $4545.95. But if you actually meant annuity immediate, then it’s choice #2.