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Find the present value of an ordinary annuity with payments of $90,000.00 paid annually for 25 years at 4% per year compounded annually. (Round your answer to the nearest cent.)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

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....

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Find the present value of an ordinary annuity with payments of $90,000.00 paid annually for 25 years at 4% per year compounded annually. (Round your answer to the nearest cent.)

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