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Compute the present value of an ordinary annuity that pays $11,000 per year for 15 years at 7%. Supporting Materials

Compute the present value of an ordinary annuity that pays $11,000 per year for 15 years at 7%. Supporting Materials

FINANCIAL ACCOUNTING
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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Compute the present value of an ordinary annuity that pays $11,000 per year for 15 years at 7%. Supporting Materials Present value of annuity of $1: 8% 9% 7% 10% 7.499 7.139 6.805 6.495 7.943 7.536 7.161 6.814 6.194 7.904 7.487 7,103 6.424 13 8.358 14 8.745 8.244 7.786 7.367 6.628 15 9.108 8.559 8.061 7.606 6.811 . TTT 1-10/3 11 12 O $100,188 O $100,921 O $99,418 O $100,958 12% 5.938
Transcribed Image Text:Compute the present value of an ordinary annuity that pays $11,000 per year for 15 years at 7%. Supporting Materials Present value of annuity of $1: 8% 9% 7% 10% 7.499 7.139 6.805 6.495 7.943 7.536 7.161 6.814 6.194 7.904 7.487 7,103 6.424 13 8.358 14 8.745 8.244 7.786 7.367 6.628 15 9.108 8.559 8.061 7.606 6.811 . TTT 1-10/3 11 12 O $100,188 O $100,921 O $99,418 O $100,958 12% 5.938
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