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Sponge Bob will receive a payment of 5,000 per year for seven years beginning three years from today. At a discount rate of 9%, what
Sponge Bob will receive a payment of 5,000 per year for seven years beginning three years from today. At a discount rate of 9%, what is the present value of this deferred annuity? The answer I got was 1975.27 Please show all the steps of your work
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Financial Markets And Institutions
Authors: Stanley Eakins Frederic Mishkin
9th Global Edition
1292215003, 978-1292215006
