What is the present value of an ordinary annuity consisting of 5 annual payments of $1,000 with an interest rate of 8% p.a. ,with the first payment occurring in 5 years' time?
A)$4,918.64
B)$4,992.71
C)$2,717.37
D)$3,696.95

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The Answer of What is the present value of an ordinary annuity consisting of 5 annual payments of $1,000 with an interest rate of 8% p.a. ,with the first payment occurring in 5 years' time?
A)$4,918.64
B)$4,992.71
C)$2,717.37
D)$3,696.95

What Is the Present Value of an Ordinary Annuity Consisting