Question
What is the present value of the following annuity? $1,445 every year at the end of the year for the next 8 years, discounted back
What is the present value of the following annuity?
$1,445 every year at the end of the year for the next 8 years, discounted back to the present at 13.11 percent per year, compounded annually?
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Auditing And Assurance Services An Integrated Approach
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley
11th Edition
0131867121, 978-0131867123
