题目详情
单选题
CFA-Level1
An investment pays €300 annually for five years, with the first payment occurring today. The present value (PV) of the investment discounted at a 4% annual rate is closest to:
正确答案：B
详细解析
B is correct, as shown in the following calculation for an annuity (A) due:
where A = €300, r = 0.04, and N = 5.PV = €1,388.97, or ≈ €1,389.
要区分先付和普通年金。the first payment occurring today即先付年金，根据公式求先付年金现值。
