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    Business Mathematics Study Set 1
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    Exam 10: Annuities: Future Value and Present Value
  5. Question
    An Annuity Consists of Payments of $700 Made at the Beginning
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An Annuity Consists of Payments of $700 Made at the Beginning

Question 75

Question 75

Short Answer

An annuity consists of payments of $700 made at the beginning of every quarter for 5 years. If the annuity earns 8% compounded semiannually, calculate present value.

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