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Compute the present value of a $100 annual annuity for the following combination of rates and time periods: (Round your answers to the nearest cent. Round PVA factors to 4 decimal places.)   d. r = 4%, t = 20 years   PV of annuity $

Compute the present value of a $100 annual annuity for the following combination of rates and time periods: (Round your answers to the nearest cent. Round PVA factors to 4 decimal places.)   d. r = 4%, t = 20 years   PV of annuity $

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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7b. 

Compute the present value of a $100 annual annuity for the following combination of rates and time periods: (Round your answers to the nearest cent. Round PVA factors to 4 decimal places.)  

d. r = 4%, t = 20 years

 

PV of annuity $
 
 
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