Given a 6 percent interest rate, compute the present value of payments made in years 1, 2,

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Given a 6 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,000, $1,200, $1,200, and $1,500.

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Question Posted: Sep 23, 2014 10:26 AM

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Given a 6 percent interest rate, compute the present value of payments made in years 1, 2,

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Use equation 53 PV 1000 1 006 1 1200 1 006 2 1200 1 006 3 1500 1 ...View the full answer

Finance Applications and Theory

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