单选题
What is the present value of a 10 -year, $100 annual annuity due if interest rates are 0 percent?
A. $ 900.
B. $1100.
C. $1000.
A
B
C
D
【正确答案】
C
【答案解析】
When I/Y=0 you just sum up the numbers since there is no interest earned.
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