Question: Problem 5-12 Present Value of an Anity De LS-6 If the present value of an ordinary, 8-year annuity is $8.900 and interest rates are 100

are 100 percent, what's the present value of the same annuity due?

Problem 5-12 Present Value of an Anity De LS-6 If the present value of an ordinary, 8-year annuity is $8.900 and interest rates are 100 percent, what's the present value of the same annuity due? (Round your answer to 2 decimal places Present value $ 52,228.93 Compute the future value in year 9 of a $6,000 deposit in year 1, and another $5,500 deposit at the end of year 5 using an 9 percent interest rate

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