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Suppose you are going to receive \( \$ 11,000 \) per year for five years. The appropriate interest rate is 9 percent. a-1. What is the present value of the payments if th…
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Suppose you are going to receive \( \$ 11,000 \) per year for five years. The appropriate interest rate is 9 percent. a-1. What is the present value of the payments if th…
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May 6, 2024
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Suppose you are going to receive \( \$ 11,000 \) per year for five years. The appropriate interest rate is 9 percent. a-1. What is the present value of the payments if they are in the form of an ordin
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Answer: The present value of the payment is $40,498.32
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Jakki
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May 12, 2024
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