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You made an investment which will pay you $950 per year for the next 11 years.You can earn 8.2% per year on similar investments.What is
You made an investment which will pay you $950 per year for the next 11 years.You can earn 8.2% per year on similar investments.What is the value of this investment if the first payment made to you is next year?
When entering this into calculator for PV I get 6716.7, and believe it is correct, just confused about the "if the first payment made to you is next year" part of it. Making sure Im not missing something.
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