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For each of the following annuities, calculate the present value. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
For each of the following annuities, calculate the present value. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
| Present Value | Annuity Payment | Years | Interest Rate | |||||||||||
| $ | $ | 1,850 | 7 | 6 | % | |||||||||
| 1,235 | 9 | 5 | ||||||||||||
| 11,205 | 14 | 7 | ||||||||||||
| 29,400 | 22 | 9 | ||||||||||||
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Financial Management Principles And Practices
Authors: Sudhindra Bhat
2nd Edition
8174465863, 978-8174465863
