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What is the present value of an annuity of $120 received at the end of each year for 11 years? Assume a discount rate of
What is the present value of an annuity of $120 received at the end of each year for 11 years? Assume a discount rate of 7%. The first payment will be received one year from today (round to nearest $1).
$250 | |
$400 | |
$570 | |
$900 |
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