Compute the present value of an ordinary annuity that pays $13,000 per year for 15 years at 10%.



A) $98,878

B) $99,745

C) $97,578

D) $100,178


A) $98,878
Explanation: Annuity 13,000
Present value Factor 7.606
Present value ($13,000 × 7.606) $98,878

Business

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