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Finding the value today of $ 1 , 0 0 0 to be received at the end of each of the next 5 years assuming

Finding the value today of $

1, 000

to be received at the end of each of the next

5

years assuming a

6 %

discount rate requires calculating the

Selected Answer:

present value of an annuity due

Answers:

present value of an ordinary annuity

future value of an ordinary annuity

future value of an annuity due

present value of an annuity due

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