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two annuities have the following payments: payment time Annuity #1 Annuity#2 1 to 5 5 0 6 to 10 0 5 11 to 15 5
two annuities have the following payments:
| payment | ||
|---|---|---|
| time | Annuity #1 | Annuity#2 |
| 1 to 5 | 5 | 0 |
| 6 to 10 | 0 | 5 |
| 11 to 15 | 5 | 0 |
| 16 to 20 | 0 | 5 |
The present value of Annuity #1 is 42.127. The present value of Annuity #2 is 37.692. Determine i. (i is the interest rate)
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Skills For Accounting And Auditing Research
Authors: Shelby Collins
2nd Edition
1618530747, 9781618530745
