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28 November, 20:38

What is the present value of the right to receive four equal payments (ordinary

annuity) of $500 per period, discounted at a rate of 10 percent per period? (Round

your answer to the nearest cent.)

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Answers (1)
  1. 28 November, 22:56
    0
    Calculate your answer as 500 * (1-1/1.1^4) /.1 = $1,584.94
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