Determine the combined present value as of December 31, 2011, of the following four payments to be

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Determine the combined present value as of December 31, 2011, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%.

Payment Year Receive

$ 5,000 ...... 2012

6,000 ...... 2013

8,000 ...... 2015

9,000 ...... 2017

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Intermediate Accounting

ISBN: 978-0077400163

6th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Question Posted: Jun 24, 2013 07:32 AM

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Determine the combined present value as of December 31, 2011, of the following four payments to be

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PV of 1 Payment i 8 PV n First payment 5000 ...View the full answer

Intermediate Accounting

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