Use this information to answer the following question. What is the present value of receiving $1,200 at the end of each year for three years at a 12% interest rate?
A) $3,366.00
B) $979.20
C) $2,937.60
D) $3,148.80

Question

Use this information to answer the following question.  What is the present value of receiving $1,200 at the end of each year for three years at a 12% interest rate?
A) $3,366.00 
B) $979.20 
C) $2,937.60 
D) $3,148.80

Quizplus · Accepted Answer

The Answer of Use this information to answer the following question.  What is the present value of receiving $1,200 at the end of each year for three years at a 12% interest rate?
A) $3,366.00 
B) $979.20 
C) $2,937.60 
D) $3,148.80

Use This Information to Answer the Following Question