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What’s the present value of a 6-year ordinary annuity of $1,000 per year plus an additional $1,500 at the end of Year 6 if the interest rate is 6%?
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What’s the present value of a 6-year ordinary annuity of $1,000 per year plus an additional $1,500 at the end of Year 6 if the interest rate is 6%?

User Drico
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2 votes

Answer: 5,974.77

Explanation:

User XLite
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