Given a 5 percent interest rate, compute the present value of payments made in years 1,2 ,3 and 4 of $ 1,850, $2,050, $2,050, and $2,350, respectively ( do not round intermediate calculations and round your final answer to 2 decimal places ) ...

To calculate the present value of the payments we can use the formula for present value of an annuit ...

Given a 5 percent interest rate, compute the present value of payments made in years 1,2 ,3

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Given a 5 percent interest rate, compute the present value of payments made in years 1,2 ,3 and 4 of $ 1,850, $2,050, $2,050, and $2,350, respectively.( do not round intermediate calculations and round your final answer to 2 decimal places.)

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Intermediate Algebra

ISBN: 9780134895987

13th Edition

Authors: Margaret Lial, John Hornsby, Terry McGinnis

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Posted Date: Jan 29, 2024 07:09 AM

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Given a 5 percent interest rate, compute the present value of payments made in years 1,2 ,3

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Intermediate Algebra

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