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Calculate the present of annuity of $1,500 received annually for 5 years, when discounting factor is 12%. with formula and calculation. Calculate the present of

Calculate the present of annuity of $1,500 received annually for 5 years, when discounting factor is 12%.

with formula and calculation. image text in transcribed

Calculate the present of an annuity of $1,500 received annually for 5 years, when discounting factor is 12% marks] (LO3, LO5) FORMULA (0.5 MARKS) CALCULATION (1 MARKS) FINAL ANSWER (0.5 MARKS

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