What is the present value on January 1, 2016, of 7 equal futures annual receipts of $30,000

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What is the present value on January 1, 2016, of 7 equal futures annual receipts of $30,000 if the first receipt is received on January 1, 2017, and the interest rate is 10% compounded annually?

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Intermediate Accounting Reporting and Analysis

ISBN: 978-1337788281

3rd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Question Posted: Dec 29, 2017 12:35 AM

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What is the present value on January 1, 2016, of 7 equal futures annual receipts of $30,000

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Intermediate Accounting Reporting and Analysis

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