Question
Determine the present value of an annuity due of $5,000 per year for 25 years discounted back to the present at an annual rate of
 Determine the present value of an annuity due of $5,000 per year for 25 years discounted back to the present at an annual rate of 13 percent. What would be the present value of this annuity due if it were discounted at an annual rate of 18 percent?
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Present Value of Annuity Due at 13 PV 50001111325013 111325 PV 5000114427...
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
