Present value of an annuity
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What is the present value of the following annuities?
1.$2,500 a year for 10 years discounted back to the present at 7 percent
2.$70 a year for 3 years discounted back to the present at 3 percent
3.$280 a year for 7 years discounted back to the present at 6 percent
4.$500 a year for 10 years discounted back to the present at 10 percent
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Calculates the present value of an annuity.
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** The answers are in attached file **
What is the present value of the following annuities?
1.$2,500 a year for 10 years discounted back to the present at 7 percent
2.$70 a year for 3 years discounted back to the present at 3 ...
Purchase this Solution
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