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What is the present value of an annuity of SAR500 received at the end of each year for 15 years ? Assume a discount rate
What is the present value of an annuity of SAR500 received at the end of each year for 15 years? Assume a discount rate of 8%. The first payment will be received one year from today (round your answer to nearest SAR1).
choose one :
SAR4,280 | ||
SAR4,622 | ||
SAR570 | ||
SAR158 |
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