Question
Suppose you are going to receive $13,600 per year for six years. The appropriate interest rate is 8.5 percent What is the present value of
Suppose you are going to receive $13,600 per year for six years. The appropriate interest rate is 8.5 percent
What is the present value of the payments if they are in the form of an ordinary annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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