Arun wants to have $625 at the end of every year for 25 years the bank pays 9% interest compounded annually Arun calculates at the present value of the ordinary annuity is $6139.11 what would be the present value of payments were to be received at the beginning of every period Rather than the end A $6139.11 B $6205.61 C $6691.63 D $6851.05

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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Arun wants to have $625 at the end of every year for 25 years the bank pays 9% interest compounded annually Arun calculates at the present value of the ordinary annuity is $6139.11 what would be the present value of payments were to be received at the beginning of every period Rather than the end A $6139.11 B $6205.61 C $6691.63 D $6851.05
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