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    Exam 5: Time Value of Money 2: Analyzing Annuity Cash Flows
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    What Is the Present Value of a $600 Annuity Payment
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What Is the Present Value of a $600 Annuity Payment

Question 20

Question 20

Multiple Choice

What is the present value of a $600 annuity payment over 4 years if interest rates are 6 percent?


A) $475.26
B) $757.49
C) $2,079.06
D) $3,145.28

Correct Answer:

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