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Assume a discount rate of 6 percent is used, which of the three projects has the highest present value? In analyzing the first proposal, take
Assume a discount rate of 6 percent is used, which of the three projects has the highest present value? In analyzing the first proposal, take the present value of 20 year $300,000 annuity. then take the present value of the deferred annuity of $500,000 that will run from the 21st through the 40th year. the answer you get for the second annuity will represent the value at the beginning of the 21st year
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