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What is the present value of a stream of 5 end-of-year annual cash receipts of $500 given a discount rate of 14%? (Round your final
What is the present value of a stream of 5 end-of-year annual cash receipts of $500 given a discount rate of 14%? (Round your final answers to 2 decimal places.) a. Use the appropriate table (Appendix C: Table 1, Table 2) to answer the above question. b. Use the appropriate built-in function in Excel to answer the above question. a. PV of annuity PV of annuity b
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