Question
(Present value of an annuity)What is the present value of a(n) 13-year annuity that pays $1,000 annually, given a discount rate of 13 percent? Question
(Present value of an annuity)What is the present value of a(n)
13-year
annuity that pays
$1,000
annually, given a discount rate of
13
percent?
Question content area bottom
Part 1
The present value of the annuity is
$enter your response here.
(Round to the nearest cent.)
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Personal Finance And Investments
Authors: Keith Redhead
1st Edition
0415428629, 978-0415428620
