Finding present value of ordinary annuity

Reference no: EM1329737

What is the present value of an ordinary annuity that pays $4,800 per year for 8 years, assuming the annual discount rate is 7 percent?

a. $22,349.15

b. $35,887.85

c. $28,662.23

d. $30,668.59

e. $2,793.64

Reference no: EM1329737

Questions Cloud

Detailed explanation to annuity : You've the option of extending your annuity another 10 years. If you pay more money today, you can continue to recieve $1,500 per year for another 10 years.

Explain emarketing- government regulations : Explain EMarketing- Government Regulations and write a paper on the impact of government regulations on eMarketing

Show the operations management improvement plan : Operations management improvement plan: fast food burger chain - How do I start this paper, what are the headings I can use?

Goals are like a road map leading to final destination : Your goals are like a road map leading to your final destination; the rainbow leading to the pot of gold. Explain.

Finding present value of ordinary annuity : Find out the present value of ordinary annuity which pays $4,800 per year for eight years, supposing the annual discount rate is seven percent?

Supply chain management processes : Identify an existing supply chain management processes within any company and explain the flow of materials to that company, the organization's function, and the customer the company serves.

Explain e-commerce infrastructure : Explain E-Commerce infrastructure and how are you going to do your part in protecting critical infrastructures

Challenges to design a supply chain : Challenges to design a supply chain - If you were to be tasked to design a supply chain, what are some of the challenges that you might face?

Solving organizational problems by using process : Can followers influence upward? Is it possible for followers to solve organizational problems by using this process?

User Account

All Pages