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Required: a. $106,500 received at the end of six years. The discount rate is 4 percent. b. $4,200 received annually at the end of each
Required: a. $106,500 received at the end of six years. The discount rate is 4 percent. b. $4,200 received annually at the end of each of the next 15 years. The discount rate is 5 percent. c. A 10 -year annuity of $9,200 per annum. The first $9,200 payment is due immediately. The discount rate is 6 percent. d. $35,000 received annually at the end of years 1 through 5 followed by $25,500 received annually at the end of years 6 through 10 . The discount rate is 11 percent. Note: For all requirements, round discount factor(s) to 3 decimal places, all other intermediate calculations and final answers to the nearest whole dollar amount
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