What is the present worth of \$100 annuity starting at the end of the third year and continuing to the end of the fourth year, if the annual interest rate is 8%?
What is the present worth of \$100 annuity starting at the end of the third year and continuing to the end of the fourth year, if the annual interest rate is 8%?
A. \$162 | C. \$160 |
B. \$153 | D. \$122 |