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Help answer B-1. Present Value: 4,192.72 is incorrect: a-1. Annual payment of $1,000 for 10 years at 5% interest. Note: Do not round intermediate calculations.
Help answer B-1. Present Value: 4,192.72 is incorrect:
a-1. Annual payment of $1,000 for 10 years at 5% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places.) a-2. Annual payment of $800 for 15 years at 5% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. a-3. Which option would you prefer? b-1. Annual payment of $1,000 for 10 years at 20% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places.) b-2. Annual payment of $800 for 15 years at 20% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b-3. Which option would you prefer? Answer is complete but not entirely correctStep by Step Solution
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