What is the accumulated sum of the following stream of payments? $22,946 every year at the beginning

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What is the accumulated sum of the following stream of payments? $22,946 every year at the beginning of the year for 5 years, at 8.58 percent, compounded annually.

Round the answer to two decimal places.

Related Book For answer-question

Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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Posted Date: Apr 30, 2024 09:02 AM

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What is the accumulated sum of the following stream of payments? $22,946 every year at the beginning

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Foundations of Finance The Logic and Practice of Financial Management

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