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An investor has purchased an investment which offers him 30 annual payments of $1,200 per year. The payments start two years from today. Annualized rates
An investor has purchased an investment which offers him 30 annual payments of $1,200 per year. The payments start two years from today. Annualized rates of interest are 13%. What is the present value of this investment?
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Solution Step 1 Find the value of investment at year 2 P PMT 1 1 1r n r Where P present val...
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
