Present value if the payments are an annuity due

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Reference no: EM13846286

Suppose you are going to receive $13,500 per year for five years. The appropriate inerest rate is 8.4 percent.

What is the present value of the payments if they are in the form of an ordinary annuity and what is the present value if the payments are an annuity due?

Reference no: EM13846286

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