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5) What is the present value of a 3-year annuity o...

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5) What is the present value of a 3-year annuity of $170 if the discount rate is 5%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present Value= What is the present value of the annuity in (a) if you have to wait 2 years instead of 1 year for the first payment? (Round your intermediate and final answers to 2 decimal places.) Present Value=

 

Paper#4206 | Written in 18-Jul-2015

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