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Suppose you are going to receive $18,000 per year for 10 years. The appropriate interest rate is 9 percent. What is the present value of
Suppose you are going to receive $18,000 per year for 10 years. The appropriate interest rate is 9 percent. What is the present value of the payments if they are in the form of an ordinary annuity? b. What is the present value if the payments are an annuity due
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