Estimate the present value of an annuity if payments are $700 monthly for 14 years and the account earns interest at the rate of 4% /year compounded continuously. Round your answer to the nearest dollar.
A) $85,725
B) $90,046
C) $91,280
D) $92,189

Question

Estimate the present value of an annuity if payments are $700 monthly for 14 years and the account earns interest at the rate of 4% /year compounded continuously. Round your answer to the nearest dollar. ​
A) $85,725
B) $90,046
C) $91,280
D) $92,189

Quizplus · Accepted Answer

The Answer of Estimate the present value of an annuity if payments are $700 monthly for 14 years and the account earns interest at the rate of 4% /year compounded continuously. Round your answer to the nearest dollar. ​
A) $85,725
B) $90,046
C) $91,280
D) $92,189

Estimate the Present Value of an Annuity If Payments Are