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What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,450 at the end of Year 4 if the
What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,450 at the end of Year 4 if the interest rate is 5%?
| a. | $9,302.37 | |
| b. | $10,816.71 | |
| c. | $11,249.38 | |
| d. | $9,626.87 | |
| e. | $8,761.54 |
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Public Finance In Theory And Practice
Authors: Holley Ulbrich
1st Edition
0324016603, 978-0324016604
