An annuity is set up that will pay $1500 per year for ten years. What is the present value (PV) of this annuity given that the discount rate is 9%?
A) $5776
B) $9626
C) $11,551
D) $13,476

Question

Quizplus · Accepted Answer

B) Calculate PV annuity using TVM keys: input 11ea84dc_f579_4bfe_9a63_6ddc82321130_TB1316_11_TB1316_11 number of 11ea84dc_f579_730f_9a63_b3fc41270621_TB1316_11_TB1316_11 and interest 11ea84dc_f579_7310_9a63_cbde4c302fc3_TB1316_11_TB1316_11 11ea84dc_f579_7311_9a63_43c07b303df2_TB1316_00_TB1316_00

An Annuity Is Set Up That Will Pay $1500 Per