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# 85. What is the interest rate of a 6-year, annual \$10,000 annuity with a present value of \$40,000? A. 11.94% B. 12.24% c. 12.98% D. 13.12% This...

This question was created from Chap005 https://www.coursehero.com/file/8683209/Chap005/

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present value=S*{(1-1+r) -n /r} where s=10000 r= n=6 pv=40000... View the full answer

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• Thank you, I appreciate your help!
• jamrockqueen
• May 15, 2018 at 5:22pm
• You're welcome. :)
• jesscantular
• May 15, 2018 at 5:27pm

1 comment
• Thanks this was of great help!
• jamrockqueen
• May 15, 2018 at 5:21pm

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