Question
Compute the present value of an annuity of $ 875 per year for 22 years, given a discount rate of 8 percent per annum. Assume
Compute the present value of an annuity of $ 875 per year for 22 years, given a discount rate of 8 percent per annum. Assume that the first cash flow will occur one year from today (that is, at t = 1).(Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).
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Personal Finance
Authors: Jeff Madura
7th Edition
0134989961, 978-0134989969
