Question
Given a 6 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,300, $1,500, $1,500, and
Given a 6 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,300, $1,500, $1,500, and $1,800, respectively. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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A Study In Public Finance
Authors: A. C. Pigou
1st Edition
1443722766, 978-1443722766
