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Recalculate the present value

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Wondering if I can help solving the problem below. I have the formula incorrect and not sure what way to go. If interest rates are 5 percent, what is the present value of a $900 annuity payment over three years? Unless otherwise directed, assume annual compounding periods. Recalculate the present value at 10 percent interest and 13 percent interest.

Reference no: EM132342702

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