Computing a Present Value Involving an Annuity

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Question - Computing a Present Value Involving an Annuity and a Single Payment

An investment will pay $16,800 at the end of each year for eight years and a one-time payment of $168,000 at the end of the eighth year.

Required - Determine the present value of this investment using a 7% annual interest rate.

Reference no: EM132748168

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