Find the present value of an annuity with annual payments of $750 per year for nine years. The interest is 8% compounded annually.

A. $1499.25
B. $3376.68
C. $4685.17
D. $3924.42

Answer: C

Mathematics

You might also like to view...

The height H, in feet, of the winning pole value in the early years of the Olympic games can be modeled by ? ? where t is years since 1900. Use functional notation to express what the height of the winning pole vault would have been in 1928.00. Then calculate that value. ?

A. Functional notation: . Value is 303.40 feet.
B. Functional notation: . Value is 20880.40 feet.
C. Functional notation: . Value is 15.31 feet.
D. Functional notation: . Value is 319.31 feet.