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Present value of an annuity Determine the present value of $ 2 1 0 , 0 0 0 to be recelved at the end of
Present value of an annuity
Determine the present value of $ to be recelved at the end of each of years, using an interest rate of compounded annually, as follows:
a By successive computations, using the present value of $ table in Exhibit Round to the nearest whole dollar.
b By using the present value of an annuity of $ table in Exhibit Round to the nearest whole dollar.
Exhibit Present Value of $ at Compound Interest
Exhibit Present Value of an Annuity of $ at Compound Interest
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