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(Click on the following icon in order to copy its contents into a spreadsheet.) Number of Payments or Years 6 15 26 300 Annual Interest Rate 9% 12% 4% 0.7% Future Value 0 0 0 0 Annuity $279.38 $3,194.15 $628.53 $2,342.69 Present Value ? ? ? ?

(Click on the following icon in order to copy its contents into a spreadsheet.) Number of Payments or Years 6 15 26 300 Annual Interest Rate 9% 12% 4% 0.7% Future Value 0 0 0 0 Annuity $279.38 $3,194.15 $628.53 $2,342.69 Present Value ? ? ? ?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Present value of an ordinary annuity. Fill in the missing present values in the following table for an ordinary annuity: . Number of Payments or Years 6 Annual Interest Rate 9% Future Value 0 ….. Annuity $279.38 $ Present Value (Round to the nearest cent.)
Transcribed Image Text:Present value of an ordinary annuity. Fill in the missing present values in the following table for an ordinary annuity: . Number of Payments or Years 6 Annual Interest Rate 9% Future Value 0 ….. Annuity $279.38 $ Present Value (Round to the nearest cent.)
(Click on the following icon in order to copy its contents into a spreadsheet.) Number of Payments or Years 6 15 26 300 Annual Interest Rate 9% 12% 4% 0.7% Future Value 0 0 0 0 Annuity $279.38 $3,194.15 $628.53 $2,342.69 Present Value ? ? ? ?
Transcribed Image Text:(Click on the following icon in order to copy its contents into a spreadsheet.) Number of Payments or Years 6 15 26 300 Annual Interest Rate 9% 12% 4% 0.7% Future Value 0 0 0 0 Annuity $279.38 $3,194.15 $628.53 $2,342.69 Present Value ? ? ? ?
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