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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...

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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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Here's the explanation you needed for... View the full answer

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

The answer is... View the full answer

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

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