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Suppose you are going to receive $ 5 , 0 0 0 per year for 8 years. The appropriate interest rate is 1 0 percent.
Suppose you are going to receive $ per year for years. The appropriate interest rate is percent.
a What is the present value of the payments if they are in the form of an ordinary. anhuity?
b What is the present value if the payments are an annuity due?
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
1st Edition
0765616785, 9780765616784
