Table for value of some today
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You are to receive $12,000 at the end of 5 years. The available yield on investments is 6%. Which table would you use to determine the value of that sum today?
Present value of an annuity of $1
Future value of an annuity
Present value of $1
Future value of $1
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The solution explains which table should be used to determine the value of a sum today
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