Hi, Can you solve question 12 for me? I will put the two previous problems with it
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Hi, Can you solve question 12 for me? I will put the two previous problems with it for reference. I only need the answer for question 12.
QUESTION 10 - What is the present value of interest payments for a $150 annuity for 15 years at a discount rate of 12%?
QUESTION 11 - What is the present value of the principal payment (par value) at maturity if the single value of $1,000 that will be received after 15 years is discounted back at 10%?
QUESTION 12 - Use the information to from the two previous problems to determine the present value, or principal payment?
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