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An annuity is set up that will pay $1,300 per year for ten years. What is the present value (PV) of this annuity given that
An annuity is set up that will pay
$1,300
per year for
ten
years. What is the present value (PV) of this annuity given that the discount rate is
6%?
A.
$13,395
B.
$11,482
C.
$9,568
D. 5741
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
