Whatrsquos the present value of a 4-year ordinary annuity
What’s the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,000 at the end of Year 4 if the interest rate is 5%?
a. $10,446
b. $9,428
c. $8,957
d. $8,509
e. $9,924
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whatrsquos the present value of a 4-year ordinary annuity of 2250 per year plus an additional 3000 at the end of year 4
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