6. math of interest. please solve it correctly. Not graded question Xenia has a 16 year annuity immediate making annual payments that grow geometrically at the rate 8.000%. Thefirst payment is $4500.00 and the interest rate is i(4) = 9.250%$. What is the present value of her annuity?Q = $62,619.36b. Q = $63,210.11C. Q = $64,982.36d. Q $59,665.62Q = $59,074.87a.e.Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 ( Quite sure: >80%)

Present value of annuity is amount that is equivalent today that is equivalent future value of…

Xenia has a 16 year annuity immediate making annual payments that grow geometrically at the rate 8.000%. T first payment is $4500.00 and the interest rate is ¡(4) = 9.250%$. What is the present value of her annuity? O a. Q = $62,619.36 O b. Q = $63,210.11 O c. Q = $64,982.36 O d. Q = $59,665.62 e. Q = $59,074.87

Xenia has a 16 year annuity immediate making annual payments that grow geometrically at the rate 8.000%. T first payment is $4500.00 and the interest rate is ¡(4) = 9.250%$. What is the present value of her annuity? O a. Q = $62,619.36 O b. Q = $63,210.11 O c. Q = $64,982.36 O d. Q = $59,665.62 e. Q = $59,074.87

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 25PROB

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