Determine the combined present value as of December 31, 2018, of the following four payments to be

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Determine the combined present value as of December 31, 2018, 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 ........................... 2019

6,000 ...........................2020

8,000 ...........................2022

9,000 ...........................2024

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: May 30, 2017 08:32 AM

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Determine the combined present value as of December 31, 2018, of the following four payments to be

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PV of 1 Payment i 8 PV n First payment 5000 x 092593 4630 ...View the full answer

Intermediate Accounting

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