FIN 571 WEEK 4 Multiple Choice Question 66

FIN 571 WEEK 4 Multiple Choice Question 66
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 Present value of an annuity Transit Insurance Company has made an investment in another company that will guarantee it a cash flow of $37,250 each year for the next five years. If the company uses a discount rate of 15 percent on its investments, what is the present value of this investment? (Round to the nearest dollar.)

 
$251,154
 
$124,868
 
$101,766
 
$186,250

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