
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Transcribed Image Text:Calculate the value of the annuity due without a table.
Note: Do not round intermediate calculations. Round your answer to the nearest cent.
Amount of
payment
2,200
Payment
payable
Annually
Years
3
Interest Value of annuity
due
rate
7 %
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