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Business, 27.10.2019 01:43 Kalamazoo373

Your rich aunt has promised to give you $ 2 comma 000 per year at the end of each of the next four years to you pay for college. using a discount rate of 12%, the present value of the gift can be stated as

a. pv = $ 2 comma 000 x 12% x 4.

b. pv = $ 2 comma 000 (pv factor, i = 4%, n = 12).

c. pv = $ 2 comma 000 (annuity pv factor, i = 12%, n = 4).

d. pv = $ 2 comma 000 (annuity fv factor, i = 12%, n = 4). click to select your answer.

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