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K Determine the present value of an annuity due of $7,000 per year for 8 years discounted back to the present at an annual
K Determine the present value of an annuity due of $7,000 per year for 8 years discounted back to the present at an annual rate of 8 percent. What would be the present value of this annuity due if it were discounted at an annual rate of 13 percent? a. If the annual discount rate is 8 percent, the present value of the annuity due is $ (Round to the nearest cent)
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
