The present value of an ordinary annuity of $2,350 each year for eight years, assuming an opportunity

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The present value of an ordinary annuity of $2,350 each year for eight years, assuming an opportunity cost of 11 percent, is ________.

A) $ 1,020

B) $27,869

C) $18,800

D) $12,093

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield

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Posted Date: Jan 15, 2021 07:08 AM

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The present value of an ordinary annuity of $2,350 each year for eight years, assuming an opportunity

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Intermediate Accounting

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