Find the present value of a series of given payements

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Reference no: EM131476982

Question: What is the present value of a series of 4 payments, each $1,000, to be made at the end of years 1, 2, 3, 4? Assume that the interest rate is 14%.

Suggestion: Do this problem 2 ways, as shown in rows 11 and 12 below.

Reference no: EM131476982

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