What is the present value of an annuity of $100 received at the end of each year for seven years? The first payment will be received one year from today (round to nearest $10).The discount rate is 13%.To solve this problem with a financial calculator, the correct choice is
A) N=7, i=13, PMT= 100, FV=0, solve for PV
B) N=7, i=13, PV= 100, FV=0, solve for FV
C) N=7, i=13, PMT= 100, FV=100, solve for PV
D) N=7, i=.13, PMT= 100, FV=0, solve for PV

Question

What is the present value of an annuity of $100 received at the end of each year for seven years? The first payment will be received one year from today (round to nearest $10).The discount rate is 13%.To solve this problem with a financial calculator, the correct choice is 
A) N=7, i=13, PMT= 100, FV=0, solve for PV
B) N=7, i=13, PV= 100, FV=0, solve for FV
C) N=7, i=13, PMT= 100, FV=100, solve for PV
D) N=7, i=.13, PMT= 100, FV=0, solve for PV

Quizplus · Accepted Answer

The Answer is A

What Is the Present Value of an Annuity of $100