单选题 What is the present value of a 12-year annuity due that pays $ 5000 per year, given a discount rate of 7.5 percent?

A、

A. $ 38676.
B、

B. $ 36577.
C、

C. $ 41577.

【正确答案】 C

【答案解析】Using your calculator: N=11; I/Y=7.5; PMT=-5000; FV=0; CPT PV=36577+5000= $ 41577. Or set your calculator to BGN mode and N=12; I/Y=7.5; PMT=-5000; FV=0; CPT PV=$ 41577.