(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. $80 a year for 5 years discounted back to the present at 8 percent. c. $250 a year for 12 years discounted back to the present at 11 percent. d. $530 a year for 5 years discounted back to the present at 6 percent.

(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. $80 a year for 5 years discounted back to the present at 8 percent. c. $250 a year for 12 years discounted back to the present at 11 percent. d. $530 a year for 5 years discounted back to the present at 6 percent.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 7P

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