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Calculation of pv of future annuity payments with pv tables

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Calculation of PV of future annuity payments with PV tables

Jean will receive $8,500 per year for the next 15 years from her trust. If a 7% rate is applied, what is the current value of the future payments? Describe how you solved this problem, including which table (for example, present value and future value) was used and why.

Reference no: EM1313347

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