Question: Hi can you help me solve this using detailed calculations with the annuity due, present value formula. PMT = $5 N = 10 PV =

Hi can you help me solve this using detailed calculations with theHi can you help me solve this using detailed calculations with the annuity due, present value formula. PMT = $5

N = 10

PV = 40.84

thanks!

(1+k)10 $40.84 = $5 = 5 k

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