Determine the combined present value as of December 31, 2011, of the following four payments to be
Question:
Determine the combined present value as of December 31, 2011, 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 Receive
$ 5,000 ...... 2012
6,000 ...... 2013
8,000 ...... 2015
9,000 ...... 2017
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PV of 1 Payment i 8 PV n First payment 5000 ...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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