What is the present value of an annuity with payments of $50,000.00 paid annually for 15 years

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What is the present value of an annuity with payments of $50,000.00 paid annually for 15 years at 9% compounded annually? Assume the interest rate does not change while the account is open. Round your answer to the nearest cent.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Posted Date: Dec 05, 2023 11:30 PM

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What is the present value of an annuity with payments of $50,000.00 paid annually for 15 years

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Intermediate Accounting

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