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If someone could help me solve this step by step that would be awesome!, thanks!! Use the following present value table for questions 17-18: Present
If someone could help me solve this step by step that would be awesome!, thanks!!
Use the following present value table for questions 17-18: Present Value of $1 at 6% 0.558 0.527 0.497 Present Value of Ordinary Annuity of $1 at 6% 7.360 7.887 8.384 Periods 10 12 17. What is the present value of 12 annual payments of S 2,000 at 6 percent annual interest r a. $24,000 b. $16,768. c. $11,928 d. $19,450. 18. What is the present value of a single payment of S 24,000 at 6 percent annual interest rat years later (Compound Annually)? a. $24,000 b. $11,928. c. $12,64:8 d. $19,450Step by Step Solution
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