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Computing the Value of Deferred Annuity What is the present value of 4 years of annual cash receipts of $8,000 at the end of each
Computing the Value of Deferred Annuity
What is the present value of 4 years of annual cash receipts of $8,000 at the end of each year that begins two years from today, assuming a 6% interest rate?
- Round answer to the nearest whole dollar.
- Do not use a negative sign with your answer.
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