Question
Problem 5-6 Calculating Annuity Values [LO 1] For each of the following annuities, calculate the present value.(Enter rounded answers as directed, but do not use
Problem 5-6 Calculating Annuity Values [LO 1]
| For each of the following annuities, calculate the present value.(Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) |
| Present Value | Annuity Payment | Interest Rate | Years | ||||||||||
| $ | $ | 1,900 | 7 | % | 7 | ||||||||
| $ | 1,250 | 6 | 9 | ||||||||||
| $ | 11,330 | 8 | 15 | ||||||||||
| $ | 29,650 | 10 | 23 |
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Cases in Finance
Authors: Jim DeMello
3rd edition
1259330476, 1259330478, 9781259352652 , 978-1259330476
