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26 October, 12:39

What is the present value of the right to receive four equal payments (annuity due)

of $1,000 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. 26 October, 12:40
    0
    It is $3,486.85

    1000 * (1-1/1.1^4) /.1*1.1
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