A 9-year annuity of $17,000 annual payments at the beginning of each year, with a 6% interest

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A 9-year annuity of $17,000 annual payments at the beginning of each year, with a 6% interest rate is worth how much today? (Do not round intermediate calculations. Round your answer to 2 decimal places.

Posted Date: Mar 12, 2024 11:22 PM

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A 9-year annuity of $17,000 annual payments at the beginning of each year, with a 6% interest

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To calculate the present value of an annuity we can use the formula for the present value of an ordi... View the full answer

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