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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 | |||||||||||
| $ | $ | 2,350 | 7 | 10 | % | |||||||||
| 1,385 | 9 | 9 | ||||||||||||
| 12,455 | 16 | 11 | ||||||||||||
| 31,900 | 22 | 13 | ||||||||||||
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Risk Management And Financial Institution
Authors: John C. Hull
2nd Edition
0136102956, 9780136102953
