What is the present value of an annuity with payments of $ 80, 000.00 $80,000.00 paid annually for 25 25 years at 6 % 6% compounded annually? Assume the interest rate does not change while the account is open. Round your answer to the nearest cent.
What is the present value of an annuity with payments of $ 80, 000.00 $80,000.00 paid annually for 25 25 years at 6 % 6% compounded annually? Assume the interest rate does not change while the account is open. Round your answer to the nearest cent.
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
Question
![What is the present value of an annuity with payments of $ 80, 000.00 $80,000.00 paid annually for 25 25 years at
6 % 6% compounded annually? Assume the interest rate does not change while the account is open. Round your
answer to the nearest cent.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7e5f97f2-bc67-4dff-bc12-f989cc98e988%2F2c35d914-6b65-46a2-8d43-97b26a079d73%2Fl5rmnl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What is the present value of an annuity with payments of $ 80, 000.00 $80,000.00 paid annually for 25 25 years at
6 % 6% compounded annually? Assume the interest rate does not change while the account is open. Round your
answer to the nearest cent.
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