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Rickos Rickos
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6 years ago
What is the present value of an annuity of $12 received at the end of each year for seven years? Assume a discount rate of 11%. The first payment will be received one year from today (round to the nearest $1).
A) $25
B) $40
C) $57
D) $118
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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LutionalLutional
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6 years ago
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Rickos Author
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6 years ago
You saved my grade for me. I can't thank you enough.
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