An annuity pays $55 per year, for each of the next five years. The first payment is

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An annuity pays $55 per year, for each of the next five years. The first payment is in one year. If the interest rate is 6% per year, what is the PV of this annuity?

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Spreadsheet Modeling and Decision Analysis A Practical Introduction to Business Analytics

ISBN: 978-1285418681

7th edition

Authors: Cliff Ragsdale

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Posted Date: Oct 09, 2023 02:04 AM

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An annuity pays $55 per year, for each of the next five years. The first payment is

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To calculate the present value PV of an annuity you can use the formula for the present value of a... View the full answer

Spreadsheet Modeling and Decision Analysis A Practical Introduction to Business Analytics

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