Determine the combined present value as of December 31, 2021, of the following four payments to be

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Determine the combined present value as of December 31, 2021, 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 Received

$ 5,000 ........................2022
6,000 ...........................2023
8,000 ..........................2025
9,000 ..........................2027

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Related Book For answer-question

Intermediate Accounting

ISBN: 978-1260481952

10th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: Sep 20, 2019 12:04 PM

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Determine the combined present value as of December 31, 2021, of the following four payments to be

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PV of 1 Payment i 8 PV n First payment 5000 x 092593 4630 1 Seco...View the full answer

Intermediate Accounting

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