You are offered an annuity that will pay $14,000 per year for 13 years (the first payment will be made today). If you feel that the appropriate discount rate is 8%, what is the annuity worth to you today? $110,652.86 $300,934.15 $119.505.09 $325.008.88 $242,876.85 10

You are offered an annuity that will pay $14,000 per year for 13 years (the first payment will be made today). If you feel that the appropriate discount rate is 8%, what is the annuity worth to you today? $110,652.86 $300,934.15 $119.505.09 $325.008.88 $242,876.85 10

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 12E

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Question

You are offered an annuity that will pay $14,000 per year for 13 years (the first
payment will be made today). If you feel that the appropriate discount rate is 8%,
what is the annuity worth to you today?
$110,652.86
$300,934.15
$119.505.09
$325,008.88
$242,876.85
4.0

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