e) Determine the present value of an annuity due of $8,000 per year for 25 years...
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e) Determine the present value of an annuity due of $8,000 per year for 25 years discounted back to the present at an annual rate of 9 percent. What would be the present value of this annuity due if it were discounted at an annual rate of 14 percent? a. If the annual discount rate is 9 percent, the present value of the annuity due is $ b. If the annual discount rate is 14 percent, the present value of the annuity due is $ CICD (Round to the nearest cent.) (Round to the nearest cent) e) Determine the present value of an annuity due of $8,000 per year for 25 years discounted back to the present at an annual rate of 9 percent. What would be the present value of this annuity due if it were discounted at an annual rate of 14 percent? a. If the annual discount rate is 9 percent, the present value of the annuity due is $ b. If the annual discount rate is 14 percent, the present value of the annuity due is $ CICD (Round to the nearest cent.) (Round to the nearest cent)
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a Using the formula for the present value of an annuity due PV ... View the full answer
Related Book For
Financial Management Principles and Applications
ISBN: 978-0133423822
12th edition
Authors: Sheridan Titman, Arthur Keown, John Martin
Posted Date:
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