Determine the combined present value as of December 31, 2013, of the following four payments to be

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Determine the combined present value as of December 31, 2013, 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 Received

$5,000............ 2014

6,000 .............2015

8,000............. 2017

9,000 .............2019

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Intermediate accounting

ISBN: 978-0077647094

7th edition

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

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Question Posted: Dec 23, 2013 10:25 AM

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Determine the combined present value as of December 31, 2013, of the following four payments to be

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Intermediate accounting

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