Mike Carlson will receive $12,000 a year from the end of the third year to the end of the 12^th year (10 payments). The discount rate is 10%. The present value today of this deferred annuity is ______. A)$61,450 B)$42,185 C)$55,379 D)$60,909

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The Answer of Mike Carlson will receive $12,000 a year from the end of the third year to the end of the 12^th year (10 payments). The discount rate is 10%. The present value today of this deferred annuity is ______. A)$61,450 B)$42,185 C)$55,379 D)$60,909

Mike Carlson Will Receive $12,000 a Year from the End