Determine the combined present value as of December 31, 2013, of the following four payments to be
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Determine the combined present value as of December 31, 2013, of the following four payments to be received at the end of each of the designated years, assuming an annual interest rate of 8%.
Payment Year Received
$5,000............ 2014
6,000 .............2015
8,000............. 2017
9,000 .............2019
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Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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