Solution-Determining the present value of the annuity

Determining the present value of the annuity

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An annuity has an interest rate of 7% and makes a quarterly payment of $2000. The annuity is to last for 5 years. What is the present value of the annuity?

Reference no: EM131222455

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Determining the present value of the annuity : An annuity has an interest rate of 7% and makes a quarterly payment of $2000. The annuity is to last for 5 years. What is the present value of the annuity?

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Determining the present value of the annuity

Reference no: EM131222455

Reference no: EM131222455

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