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Find the present values of these ordinary annuities. Discounting occurs once a year. $400 per year for 10 years at 10% $200 per year for 5 years at 5%

Find the present values of these ordinary annuities. Discounting occurs once a year. $400 per year for 10 years at 10% $200 per year for 5 years at 5%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1P
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Find the present values of these ordinary annuities. Discounting occurs once a year.

  1. $400 per year for 10 years at 10%
  2. $200 per year for 5 years at 5%
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