Question
What is the present value of a 3-year annuity of $250 if the discount rate is 6%? (Do not round intermediate calculations. Round your answer
What is the present value of a 3-year annuity of $250 if the discount rate is 6%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Present Value ______________
b. What is the present value of the annuity in (a) if you have to wait an additional year of the first payment? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Present Value ________________
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Financial and Management Accounting
Authors: Pauline Weetman
7th edition
1292086599, 978-1292086590
