Which has a higher present value,an annual payment of $650, $20,000 payment to be received in 10

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Which has a higher present value,an annual payment of $650, $20,000 payment to be received in 10 yearsor $9000 right now.Assume an interest rate of 5%.

Posted Date: Jun 13, 2024 04:15 AM

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Which has a higher present value,an annual payment of $650, $20,000 payment to be received in 10

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