Homework question help needed

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

What is the present value of a 5-year ordinary annuity with annual payments of $200, evaluated at a 15% interest rate?

Jun 24th, 2015

Thank you for the opportunity to help you with your question!

$1,348.48 is the present value

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 24th, 2015

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
Jun 24th, 2015
...
Jun 24th, 2015
Jun 23rd, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer