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What is the present value of a three-year annuity

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Reference no: EM133012439

Problem 1: What is the present value of a 3-year annuity of $150 if the discount rate is 7%?

Problem 2: What is the present value of the annuity in (a) if you have to wait an additional year for the first payment?

Reference no: EM133012439

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