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Find the present value of $10,000 received at the start of every year for 20 years if the interest rate is J1 = 12% p.a. and if the first payment of $10,000 is received at the end of 10 years. (5 marks). f + Expert Q&A Find the present value of $10,000 received at the start of every year for 20 years if the interest rate is J1 = 12% p.a. and if the first payment of $10,000 is received at the end of 10 years. Expert Answer Chegg Expert 21 minutes later Amwes :- Catulation of present value of Future cash flows! X PUF (12%, 10) [Resot vales of aming (mama) e frunt value a rodiny $10000 x PUAF (129, 20) + 190 (1 014 e coloriage ['- ruby - a phone #10pos & 100oox x 0.321973 1 - 0.102667 0.12 $10000 x 0.896333 x 0.321973 0:12 $24049.58 Amon Find the present value of $10,000 received at the start of every year for 20 years if the interest rate is J1 = 12% p.a. and if the first payment of $10,000 is received at the end of 10 years? Expert Answer anonymous 8 minutes later Answer: PV of Annuity Due = C *[(1-(1 +i)^- n)/i] *(1 + i) C = 10,000 i = 12% n = 20 PV at end of 10 years = 10000*((1- (1+0.12)^-20)/0.12)*(1+0.12) = 806,987.4 This PV is after end of 10 years. To find the PV at year 0, discount is back 10 years. PV at Year 0 = PV at end of 10 years * 1 / (1.12^10) = 806,987.4*1/(1.12)^10 = 259,828.3