What is the present value (approx.) of a 5-year annuity of $100 if the discount rate is 6%?
a. 326.25
b. 421.24
c. 532.83
d. 601.23
What is the present value (approx.) of a 5-year annuity of $100
What is the present value (approx.) of a 5-year annuity of $100 if the discount rate is 6%?
a. 326.25
b. 421.24
c. 532.83
d. 601.23
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