Question
K (Present value of an annuity due) Determine the present value of an annuity due of $2.000 per year for 25 years discounted back
K (Present value of an annuity due) Determine the present value of an annuity due of $2.000 per year for 25 years discounted back to the present at an annual rate of 6 percent What would be the present value of this annuity due if it were discounted at an annual rate of 11 percent? a. If the annual discount rate is 6 percent, the present value of the annuity due is $ (Round to the nearest cent) b. If the annual discount rate is 11 percent, the present value of the annuity due is $ (Round to the nearest cent.)
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