What is the present value of a 5-year annuity of $ 3,500 with the first payment to be received 3 years from now; i = 9%. (Round answer to O decimal places, e.g. 5,275.) Present value $
What is the present value of a 5-year annuity of $ 3,500 with the first payment to be received 3 years from now; i = 9%. (Round answer to O decimal places, e.g. 5,275.) Present value $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please solve this quesiton, thanks
Transcribed Image Text:What is the present value of a 5-year annuity of $ 3,500 with the first payment to be received 3 years from now; i = 9%. (Round
answer to O decimal places, e.g. 5,275.)
Present value
2$
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