Answered: Find the present value of an annuity

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Find the present value of an annuity

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 7P: Value of an Annuity Using the appropriate tables, solve each of the following. Required: 1....

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Part 1

The present value of the annuity is

$enter your response here.

(Round the final answer to the nearest cent as needed.

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