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 Click here to… Jhun Vert Fri, 07/05/2024 - 05:26 Solution Click here to expand or collapse this section $P = \sum{F(1 + i)^{-n}}$ $P = 100(1 + 0.08)^{-3} + 100(1 + 0.08)^{-4}$ $P = \$152.89$ Log in or register to post comments Log in or register to post comments
Solution Click here to… Jhun Vert Fri, 07/05/2024 - 05:26 Solution Click here to expand or collapse this section $P = \sum{F(1 + i)^{-n}}$ $P = 100(1 + 0.08)^{-3} + 100(1 + 0.08)^{-4}$ $P = \$152.89$ Log in or register to post comments
Solution Click here to…