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

If security pays $5,000 in 20 years with 7% annual interest rate, PV of security by using formula is
  • A. 1292.10 dollars per year
  • B. 1292.10 dollars
  • C. 0.00077 dollars per year
  • D. 16105.1 dollars per year
  • Correct Answer: Option B
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