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The present value of an annuity stream of $100 per year is $614 when valued at a 10% rate. By approximately how much would the
The present value of an annuity stream of $100 per year is $614 when valued at a 10% rate. By approximately how much would the value change if these were annuities due?
Multiple Choice
- $10
- $61.40
- $10 Number of years in annuity stream
- $6.14 Number of years in annuity stream
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Analysis for Financial Management
Authors: Robert C. Higgins
12th edition
1259918963, 9781260140729 , 978-1259918964
