e Test Online Test- x 2303,1 Warnings appear when haif the time 5 minutes, 1 min

Question

e Test Online Test- x 2303,1 Warnings appear when haif the time 5 minutes, 1 minute, and 30 seconds remain Multiple Attempts Not allowed. This Test can only be taken once orce Completion Once started, this test must be completed in one sitting Do not leave the test before cloking Save and Subnit This test does not allow backtracking Changes to the answer after submission ane prohibited Less than hall of the tine aains Question Completion Status: Moving to the next queston proventi changes to his answer Question What is the present value of $150 received at the begining of each year tor 8 eas Thefrse pament s eceved oday se dt round your answer to the nearest $10 $1 360 3 $1.250 $1.210 Moving LG

Explanation / Answer

Ans $ 1360

Present Value of Annuity Due = Cash Flows * (PVAF r%, n years) 150 * (PVAF 9%,16 years) 150 * 9.06069 1360 (PVAF 9%,16 years) = 9.06069 From Present Value of Annuity Due Table

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