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What is the PV of an ordinary annuity with 5 payments of $3,900 if the appropriate interest rate is 4.9%? a. $20,455.50 b. $19,858.66 c. $16,931.74 d. $17,761.39 e. $13,861.39

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 20E

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What is the PV of an ordinary annuity with 5 payments of $3,900 if the appropriate interest rate is 4.9%?

a. $20,455.50

b. $19,858.66

c. $16,931.74

d. $17,761.39

e. $13,861.39

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