Using the following table, determine the present value of an annuity of $50,0000 to be received at the end of each of five years at 6 percent interest. Present value of an annuity of $1 at compound interest:
A)$253,785
B)$210,618
C)$173,256
D)$207,784

Question

Using the following table, determine the present value of an annuity of $50,0000 to be received at the end of each of five years at 6 percent interest.​ Present value of an annuity of $1 at compound interest: 
A)$253,785 
B)$210,618 
C)$173,256 
D)$207,784

Quizplus · Accepted Answer

The Answer of Using the following table, determine the present value of an annuity of $50,0000 to be received at the end of each of five years at 6 percent interest.​ Present value of an annuity of $1 at compound interest: 
A)$253,785 
B)$210,618 
C)$173,256 
D)$207,784

Using the Following Table, Determine the Present Value of an Annuity