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any help is appreciated! will thumbs up! Question 7 of 8) 4 Save & Exit Submit 7. value: 1.25 points Problem 5-24 Annuities (LO3) a.
any help is appreciated! will thumbs up!
Question 7 of 8) 4 Save & Exit Submit 7. value: 1.25 points Problem 5-24 Annuities (LO3) a. What is the present value of a 3-year annuity of $300 if the discount rate is 7%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b. What is the present value of the annuity in (a) if you have to wait an additional year for the first payment? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Present value AStep by Step Solution
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