Question

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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  • CreatedDecember 23, 2013
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