Question
E9-15 (Algo) Computing a Present Value Involving an Annuity and a Single Payment LO 9-7 An investment will pay $15,100 at the end of each
E9-15 (Algo) Computing a Present Value Involving an Annuity and a Single Payment LO 9-7
An investment will pay $15,100 at the end of each year for eight years and a one-time payment of $151,000 at the end of the eighth year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.)
Determine the present value of this investment using a 8% annual interest rate. (Round your answer to the nearest whole dollar.)
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Cost Accounting
Authors: Edward B. Deakin, Michael Maher
3rd Edition
0256069190, 978-0256069198
