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How do I determine the present value of ordinary annuity Ed Question 17, 7-31 (simil... Part 1 of 2 HW Score: 72.5%, 14.5 of 20
How do I determine the present value of ordinary annuity
Ed Question 17, 7-31 (simil... Part 1 of 2 HW Score: 72.5%, 14.5 of 20 points O Points: 0 of 1 Save (Present value of an annuity) Determine the present value of an ordinary annuity of $2,000 per year for 13 years, assuming it earns 8 percent. Assume that the first cash flow from the annuity comes at the end of year 10 and the final payment at the end of year 22. That is, no payments are made on the annuity at the end of years 1 through 9. Instead, annual payments are made at the end of years 10 through 22. BENTE The present value of the annuity at the end of year 9 is $ (Round to the nearest cent.)
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