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Find the present value of an ordinary annuity with payments of $90,000.00 paid annually for 25 years at 4% per year compounded annually. (Round your answer to the nearest cent.)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 5Q: If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the...

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Find the present value of an ordinary annuity with payments of $90,000.00 paid annually for 25 years at 4% per year compounded annually. (Round your answer to the nearest cent.)

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