Given a 7 percent interest rate, compute the present value of payments made in years 1, 2,
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Use equation 53 PV 1000 1 007 1 1300 1 007 2 1300 1 007 3 1400 1 ...View the full answer
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Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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