Take me to the text Use the information in the table to calculate the present value of the annuity: Annual Payment $30200 Discount Rate 3% Number of Your O
Take me to the text Use the information in the table to calculate the present value of the annuity: Annual Payment $30200 Discount Rate 3% Number of Your O
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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Question
9

Transcribed Image Text:Take me to the text
Use the information in the table to calculate the present value of the annuity:
Annual Payment $30200
Discount Rate
3%
Number of Years
Do not enter dollar signs or commas in the input boxes.
Use the PV tables in the appendix of the textbook.
Round your answer to the nearest whole number.
Present Value: $
8
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