What is the present value of a four-period annuity of $100 per year that begins two years from today if the discount rate is 9 percent? A)$297.21 B)$323.86 C)$356.85 D)$388.97 PV₁ = 100

Name: What is the present value of a four-period annuity of $100 per year that begins two years from today if the discount rate is 9 percent? A)$297.21 B)$323.86 C)$356.85 D)$388.97 PV 1 = 100
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Quizplus · Accepted Answer

PV = $100 * (PVIFA 9%, 2) * (PVIFA 9%, 4)= $100 * (0.8264) * (3.2781)= $297.21

What Is the Present Value of a Four-Period Annuity of $100