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

Solution