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which comes closest to the present value of 20 consecutive annual payments of 1000 that begin...

which comes closest to the present value of 20 consecutive annual payments of 1000 that begin at the end of year 6, if the interest rate is 3%. A. $12,833.41, B. $13,560.87, C. $13,877.25, D. $14,877.44, E. $15,622.06

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Answer #1

PV = Cash Flow * PVF (r%, n)

Where r is int rate

n is no. of Years

PV Calculation:

OPtion A is correct.

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