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What is the present value of a $1,200 per year ann...

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What is the present value of a $1,200 per year annuity that begins at the end of year 5 and ends with a payment at the end of year 11? the appropriate discount rate is 7%.,please, show time line, the time value factor formula, how you plugged the numbers into this formula or the actual time value factor from the table you used solving the problem!

 

Paper#4207 | Written in 18-Jul-2015

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