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    Exam 3: Applying Time Value Concepts
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    The Present Value of an Annuity Can Be Obtained by Discounting
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The Present Value of an Annuity Can Be Obtained by Discounting

Question 37

Question 37

True/False

The present value of an annuity can be obtained by discounting the individual cash flows of the annuity and then summing the resulting present values.

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