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What is the PV of a 14-year annuity due (payments at beginning of period, aka annuity in advance) of $815 if the required return is
What is the PV of a 14-year annuity due (payments at beginning of period, aka annuity in advance) of $815 if the required return is 10.1%Answer to 2decimal places.
N = 14
% = 10.1
PV = ?
PMT = 0
FV = 815
I calculated PV as $211.90. Is that correct?
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