Cassandra needs to compare the present value of two annuities that she invested in ten years ago.In the first annuity,she invested $40,000 at a PV factor of 6% and in the second annuity she invested $60,000 at a PV of 20%.
Required:
Compute the present value of each annuity.Use Table 4 to find your values.
A) $64,000;$102,000
B) $82,000;$112,000
C) $294,400;$251,520
D) $362,200;$481,300
E) $273,200;$340,000
Correct Answer:
Verified
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