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    Intermediate Accounting Reporting and Analysis Study Set 1
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    Exam 23: Understanding Time Value of Money Formulas and Concepts
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    The Present Value of an Annuity Due Is Determined on the Date
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The Present Value of an Annuity Due Is Determined on the Date

Question 118

Question 118

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The present value of an annuity due is determined on the date of the last cash flow in the series.

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