Question
(Related to Checkpoint6.2) (Present value of an ordinaryannuity) What is the present value of $3,000 per year for 9 years discounted back to the present
(Related to Checkpoint6.2) (Present value of an ordinaryannuity) What is the present value of $3,000 per year for 9 years discounted back to the present at 11 percent?
The present value of $3,000 per year for 9 years discounted back to the present at 11 percent is $____ (Round to the nearestcent.)
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
