A.What is the PV of an annuity due with 5 payments of $4,200 at an interest rate of 5.5%?   a. $16,651.03   b. $18,921.63   c. $21,570.66   d. $19,110.85   e. $22,138.31 B. What is the PV of an ordinary annuity with 5 payments of $8,500 if the appropriate interest rate is 4.5%?   a. $38,434.25   b. $31,717.58   c. $37,314.80   d. $44,031.47   e. $29,851.84

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A.What is the PV of an annuity due with 5 payments of $4,200 at an interest rate of 5.5%?
  a.
$16,651.03
  b.
$18,921.63
  c.
$21,570.66
  d.
$19,110.85
  e.
$22,138.31

B.

What is the PV of an ordinary annuity with 5 payments of $8,500 if the appropriate interest rate is 4.5%?
  a.
$38,434.25
  b.
$31,717.58
  c.
$37,314.80
  d.
$44,031.47
  e.
$29,851.84
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