What is the present worth of a P500 annuity starting... - Solved MCQs & Answer

2449Civil EngineeringMedium

What is the present worth of a P500 annuity starting at the end of the third year and continuing to the end of the fourth year, if the annual interest rate is 10 %?

AP 717.17

BP 727.17

CP 731.17

DP 714.71

Correct answer

A. P 717.17

Explanation

The correct answer is P 717.17.

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