Question
Use Table PV-1 (in Exhibit B-7) and Table PV-2 (in Exhibit B-9) a. Determine the present value of $15,000 to be paid annually for 10
Use Table PV-1 (in Exhibit B-7) and Table PV-2 (in Exhibit B-9)
a. | Determine the present value of $15,000 to be paid annually for 10 years, discounted at an annual rate of 6 percent. Payments are to occur at the end of each year.
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