What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually?

What is the present worth of a year annuity paying P 3,000.00 at the e

1.	What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually?
A.	P 7,654.04
B.	P 7,731.29
C.	P 7,420.89
D.	P 7,590.12
Answer» C. P 7,420.89

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What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually?

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