A payment of $20800 is to be made every year for 15 years. The first payment occurring

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A payment of $20800 is to be made every year for 15 years. The first payment occurring is one year's time. The interest rate is 7%. What is the PV of the annuity?

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Fundamental Accounting Principles

ISBN: 978-1259536359

23rd edition

Authors: John Wild, Ken Shaw, Barbara Chiappett

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Posted Date: Apr 08, 2024 02:11 PM

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A payment of $20800 is to be made every year for 15 years. The first payment occurring

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To calculate the present value PV of an annuity you c... View the full answer

Fundamental Accounting Principles

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