Find the present value of an annuity of $3000 per year at the end of each of 8 years after being deferred for 5 years, if money is worth 6% compounded annually. (Round your answer to the nearest cent.)

Find the present value of an annuity of $3000 per year at the end of each of 8 years after being deferred for 5 years, if money is worth 6% compounded annually. (Round your answer to the nearest cent.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 5P

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