Question
For each of the following annuities, calculate the present value. (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round
| For each of the following annuities, calculate the present value. (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) |
| Present Value | Annuity Payment | Interest Rate | Years | |||||||||||
| $ | $ | 1,850 | 6 | % | 7 | |||||||||
| $ | 1,235 | 5 | 9 | |||||||||||
| $ | 11,205 | 7 | 14 | |||||||||||
| $ | 29,400 | 9 | 22 | |||||||||||
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Public Finance In A Changing World
Authors: Peter Birch Sorensen
1998th Edition
0333682211, 978-0333682210
