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Chapter 5, Problem 7P
Summary Introduction

To determine: The present value of annuity for five years.

Introduction:

The present value is the current value of a future total of cash that gives specific returns.

The value that is calculated after accumulating the interest for a number of periods is known as the future value.

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Chapter 5 Solutions

Corporate Finance Plus MyLab Finance with Pearson eText -- Access Card Package (4th Edition) (Berk, DeMarzo & Harford, The Corporate Finance Series)

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