Mrs. Crawford will receive $8,600 a year for the next 16 years from her trust. Use Appendix
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Question:
Mrs. Crawford will receive $8,600 a year for the next 16 years from her trust. Use Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
If a 14 percent interest rate is applied, what is the current value of the future payments? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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