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Determine the combined present value as of December 31, 2016, of the following four payments to be received at the end of each of the
Determine the combined present value as of December 31, 2016, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1). Find N as well.
Payment | Year Received | |||
$ | 5,000 | 2017 | ||
6,000 | 2018 | |||
8,000 | 2020 | |||
9,000 | 2022 |
2017 I=8% N=? PAYMENT= $5,000 PV=?
2018 I=8% N=? PAYMENT= $6,000 PV=?
2019 I=8% N=? PAYMENT= $8,000 PV=?
2020 I=8% N=? PAYEMNT= $9,000 PV=?
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