Your rich aunt has promised to give you $ 2 comma 000 per year at the end of each of the next four years to help you pay for col

Question

2 years ago

7

Your rich aunt has promised to give you $ 2 comma 000 per year at the end of each of the next four years to help you pay for col

lege. using a discount rate of 12%, the present value of the gift can be stated as
a. pv = $ 2 comma 000 x 12% x 4.

b. pv = $ 2 comma 000 (pv factor, i = 4%, n = 12).

c. pv = $ 2 comma 000 (annuity pv factor, i = 12%, n = 4).

d. pv = $ 2 comma 000 (annuity fv factor, i = 12%, n = 4). click to select your answer.

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1 answer:

Mekhanik [1.2K] · Answer 1 · 2022-08-14T12:39:19+03:00

Mekhanik [1.2K]2 years ago

6 0

Answer:

The answer is D

Explanation: