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What is the present value of 10 equal payments of $24,000 to be made at the end of each year for the next 10 years?
What is the present value of 10 equal payments of $24,000 to be made at the end of each year for the next 10 years? The annual interest rate is 10 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1 ) Note: Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar. What is the present value of $560,000 to be paid in 10 years? The annual interest rate is 8 percent. (FV of $1, PV of $1, FVA of $1, and PVA of \$1) Note: Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole dollar
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