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samualson samualson
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5 years ago
What is the present value of an annuity of $120 received at the end of each year for 11 years? Assume a discount rate of 7%. The first payment will be received one year from today (round to nearest $1).
A) $250
B) $400
C) $570
D) $900
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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guzmanguzman
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samualson Author
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5 years ago
You make an excellent tutor!
foxrcng11
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Thanks
macbookpro1
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2 hours ago
Thank you, thank you, thank you!
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