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Find the NPV and PI of an annuity that pays $500 per year for eight years and costs $2,500. Assume a discount rate of 6

Find the NPV and PI of an annuity that pays $500 per year for eight years and costs $2,500. Assume a discount rate of 6 percent.
Answers:
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Step 1:
PV of cash inflows C
PV of cash outflows F
Step 2:
NPV C
PI C

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