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Home Q & A Board Other Fields Homework Help Business Management
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stranahan stranahan
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7 years ago
Johnson has an annuity due that pays $600 per year for 15 years. What is the present value of the cash flows if they are discounted at an annual rate of 7.50%?
A) $9,675.00
B) $9,000.00
C) $5,296.27
D) $5,693.49
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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Decrepit_Decrepit_
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you for  the help. I had a few questions on a few of them and this really confirmed my answers.
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