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Present value of an annuity​) What is the present value of the following​ annuities?   a. ​$2,400 a year for 10 years discounted back to the present at 11 percent. b. ​$90 a year for 3 years discounted back to the present at 9 percent. c. ​$290 a year for 12 years discounted back to the present at 12 percent. d. ​$500 a year for 6 years discounted back to the present at 5 percent.       a. What is the present value of ​$2,400 a year for 10 years discounted back to the present at 11 ​percent?   ​$nothing   ​(Round to the nearest​ cent.)

Present value of an annuity​) What is the present value of the following​ annuities?   a. ​$2,400 a year for 10 years discounted back to the present at 11 percent. b. ​$90 a year for 3 years discounted back to the present at 9 percent. c. ​$290 a year for 12 years discounted back to the present at 12 percent. d. ​$500 a year for 6 years discounted back to the present at 5 percent.       a. What is the present value of ​$2,400 a year for 10 years discounted back to the present at 11 ​percent?   ​$nothing   ​(Round to the nearest​ cent.)

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 3CE
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Present
value of an
annuity​)
What is the present value of the following​ annuities?
 
a.
​$2,400
a year for
10
years discounted back to the present at
11
percent.
b.
​$90
a year for
3
years discounted back to the present at
9
percent.
c.
​$290
a year for
12
years discounted back to the present at
12
percent.
d.
​$500
a year for
6
years discounted back to the present at
5
percent.
 
 
 
a. What is the present value of
​$2,400
a year for
10
years discounted back to the present at
11
​percent?
 
​$nothing  
​(Round to the nearest​ cent.)
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