At a 5% interest rate per year compounded annually, the present value (PV) of a 10-year ordinary

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At a 5% interest rate per year compounded annually, the present value (PV) of a 10-year ordinary annuity with annual payments of $2,000 is $15,443.47. The PV of a 10-year annuity due with the same interest rate and payments is closest to:

A. $14,708.

B. $16,216.

C. $17,443.

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Quantitative Investment Analysis

ISBN: 9781119743620

4th Edition

Authors: CFA Institute

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Question Posted: Oct 25, 2024 10:05 AM

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At a 5% interest rate per year compounded annually, the present value (PV) of a 10-year ordinary annuity with annual payments of $2,000 is $15,443.47. The PV of a 10-year annuity due with the same...
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At a 5% interest rate per year compounded annually, the present value (PV) of a 10-year ordinary

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Quantitative Investment Analysis

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