If security pays $5,000 in 20 years with 7% annual interest rate, the PV of security by using formula is Options: A . &nbsp1292.10 dollars per year B . &nbsp1292.10 dollars C . &nbsp0.00077 dollars per year D . &nbsp16105.1 dollars per year

If security pays $5,000 in 20 years with 7% annual interest rate, the PV of secu

Question

If security pays $5,000 in 20 years with 7% annual interest rate, the PV of security by using formula is

Options:

A . 1292.10 dollars per year

B . 1292.10 dollars

C . 0.00077 dollars per year

D . 16105.1 dollars per year

Answer: Option B
Answer: (b).1292.10 dollars

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