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Home Q & A Board Other Fields Homework Help Business Accounting
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gabbywabbi gabbywabbi
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Posts: 336
Rep: 15 0
6 years ago
Compute the present value of an ordinary annuity that pays $11,000 per year for 15 years at 7%.

Present value of annuity of $1:
7%8%9%10%12%
117.4997.1396.8056.4955.938
127.9437.5367.1616.8146.194
138.3587.9047.4877.1036.424
148.7458.2447.7867.3676.628
159.1088.5598.0617.6066.811

A) $100,188
B) $100,921
C) $99,418
D) $100,958
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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foxrcng11foxrcng11
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#1
Posts: 130
Rep: 23 2
6 years ago
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gabbywabbi Author
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#2
6 years ago
This helps so much, thank you for responding so quickly...
wrote...
#3
6 years ago
No worries, I was online and bored Grinning Face with Smiling Eyes
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