Mathematics · Annuity and Present Value
J Co has decided to lease a machine requiring five yearly payments of $7,000, with the first payment due in one year. Given the annuity factor for 5 years at a 4% discount rate is 4.452, what is the present value of the lease payments?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1$35,000
- 2$31,164✓
- 3$28,000
- 4$25,410
Correct answer
$31,164
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Annuity and Present Value MCQs →Want more practice questions on Annuity and Present Value?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Annuity and Present Value