Calculate the value of the annuity due without a table. Note: Do not round intermediate calculations. Round your answer to the nearest cent. LA $ Amount of payment 3,500 Payment payable Annually Years 3 Interest Value of annuity due rate 6 %

Calculate the value of the annuity due without a table. Note: Do not round intermediate calculations. Round your answer to the nearest cent. LA $ Amount of payment 3,500 Payment payable Annually Years 3 Interest Value of annuity due rate 6 %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Calculate the value of the annuity due without a table.
Note: Do not round intermediate calculations. Round your answer to the nearest cent.
$
LA
Amount of
payment
3,500
Payment
payable
Annually
Years
Interest Value of annuity
rate
due
6%

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