What is the present value of a five period annuity of $3,000 if the interest rate is 12 percent and the first payment is made today?
A)$9,655.65
B)$10,814.33
C)$12,112.05
D)$13,200.00 PV = 3,000

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The Answer of What is the present value of a five period annuity of $3,000 if the interest rate is 12 percent and the first payment is made today?
A)$9,655.65
B)$10,814.33
C)$12,112.05
D)$13,200.00 PV = 3,000

What Is the Present Value of a Five Period Annuity