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please help (Present value of an annuity due) Determine the present value of an annuity due of $7,000 per year for 25 years discounted back
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(Present value of an annuity due) Determine the present value of an annuity due of $7,000 per year for 25 years discounted back to the present at an annual rate of 9 percent. What would be the present value of this annuity due if it were discounted at an annual rate of 14 percent? a. If the annual discount rate is 9 percent, the present value of the annuity due is $ (Round to the nearest cent) Step by Step Solution
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