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Find what is the present value of an annuity per month

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Reference no: EM132894197

Question 1: What is the present value of an annuity of $250 per month for 3 years, commencing 4 years from now, discounted at 6% pa? (Assume monthly compounding and that the first annuity payment occurs five years and one month from now.)

A. $10,755.90
B. $3,645.50
C. $60,000
D. $29,890.33

Reference no: EM132894197

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