Ask Question
6 November, 18:46

What is the present value of the right to receive four equal payments (annuity due)

of $1,000 per period, discounted at a rate of 10 percent per period? (Round your

answer to the nearest cent.)

+1
Answers (1)
  1. 6 November, 21:50
    0
    It is $3,486.85

    1000 * (1-1/1.1^4) /.1*1.1
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is the present value of the right to receive four equal payments (annuity due) of $1,000 per period, discounted at a rate of 10 ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers