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What is the present value of a loan that calls for the payment of $ 3 5 0 per year for five years if the
What is the present value of a loan that calls for the payment of $ per year for five years if the discount rate is percent and the first payment will be made one year from now? How would your answer change if the $ per year occurred for ten years?
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
