An investor has purchased an investment which offers him 30 annual payments of $1,200 per year. The

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An investor has purchased an investment which offers him 30 annual payments of $1,200 per year. The payments start two years from today. Annualized rates of interest are 13%. What is the present value of this investment?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Posted Date: Jan 19, 2021 11:54 AM

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An investor has purchased an investment which offers him 30 annual payments of $1,200 per year. The

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Solution Step 1 Find the value of investment at year 2 P PMT 1 1 1r n r Where P present val... View the full answer

Accounting concepts and applications

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