Calculate the present value of five payments of $1500.00 made at the end of each of five consecutive years respectively if money is worth 6% compounded annually.
A) $7950.00
B) $7486.52
C) $7050.00
D) $6318.55
E) $7486.00

Question

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The Answer of Calculate the present value of five payments of $1500.00 made at the end of each of five consecutive years respectively if money is worth 6% compounded annually.
A) $7950.00
B) $7486.52
C) $7050.00
D) $6318.55
E) $7486.00

Calculate the Present Value of Five Payments of $1500