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Just solve the question in the 2nd photos, Use the information from the 1st photo, Give me the process, not the excel. Suppose your firm
Just solve the question in the 2nd photos, Use the information from the 1st photo, Give me the process, not the excel.
Suppose your firm has an obligation to pay an annuity with 18 annual payments of $40,000. The first payment is due two years from today. Assume all interest rates are 7.5%. Write down the information requested on your answer sheet. What is the present value of the obligation? Round and express your answer to the nearest whole dollar (i.e., nearest integer). Do not include a dollar sign. What is the duration of the obligation? Please carry out intermediate steps further but in your final answer be accurate to and express your FINAL answer as accurate to the nearest 4 decimal places. Please do NOT answer MORE than 4 decimal places...round your answer to the nearest 4 decimal placesStep by Step Solution
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