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Question Myers, Inc. will be making annual loan payments of $3,895.50 for a 10-year period starting at the end of this year. If the interest rate is 9 percent, what is the present value of this annuity? a)$23,250 b)$25,000 c)$29,000 d)$30,250

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Question

Myers, Inc. will be making annual loan payments of $3,895.50 for a 10-year period starting at the end of this

year. If the interest rate is 9 percent, what is the present value of this annuity?

a)$23,250

b)$25,000

c)$29,000

d)$30,250

 
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