. What is the present value of an annuity of 19 annual payments where the first payment is in twelve years and each payment is $1,200? assume that time zero is now and the effective interest rate per year is 14%

Financial Accounting Intro Concepts Meth/Uses
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ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
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11. What is the present value of an annuity of 19 annual payments where the first payment is in twelve years and each payment is $1,200?

assume that time zero is now and the effective interest rate per year is 14%.

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