The first of ten semiannual payments of $2200 will be made 5, years from today. What...
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The first of ten semiannual payments of $2200 will be made 5, years from today. What is the present value of this deferred annuity using a discount rate of 7.2% compounded semiannually? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value $ The first of ten semiannual payments of $2200 will be made 5, years from today. What is the present value of this deferred annuity using a discount rate of 7.2% compounded semiannually? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value $
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Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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