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Posted: April 20th, 2022
annual compounding
Question description
If
interest rates are 5 percent, what is the present value of a $900 annuity
payment over three years? Unless otherwise directed, assume annual
compounding periods.
Recalculate
the present value at 10 percent interest and 13 percent interest.
What is
the present value of a series of $1150 payments made every year for 14
years when the discount rate is 9 percent?
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