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The present value of an annuity of $26,500 per year for four years discounted at 12 percent. $Answer d. An initial investment of $48,220 is

The present value of an annuity of $26,500 per year for four years discounted at 12 percent.

$Answer

d. An initial investment of $48,220 is to be returned in six equal annual payments. Determine the amount of each payment if the interest rate is 16 percent.

$Answer

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