Calculate present value of $300 at beginning of year for 5 years
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What is the present value of $300 received at the beginning of each year for 5 years? Assume that the first payment is not received until the beginning of the third year (thus the last payment is received at the beginning of the 7th year). Assume the discount rate is 10% p.a. Draw timeline(s) to demonstrate your calculations.
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Solution Summary
The expert calculates the present value of #300 at beginning of year for five years.
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