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Present value of kurt savings annuity

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Reference no: EM132270533

Kurt wants to have $835,000 in an investment account six years from now. The account will pay 8.04 percent interest per year. He makes equal payments of $9,062.07 into this ordinary annuity for each of the six years. What would be the present value of Kurt's savings annuity, when treated as an ordinary annuity, PVA?

Reference no: EM132270533

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