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To Compute the Present Value of $1,000 Annuity Received at the End

Question 6

Multiple Choice

To compute the present value of $1,000 annuity received at the end of each of the next three years and discounted at the rate of 5% per year, you should use he following EXCEL command.


A) ANN
B) TVM
C) RATE
D) PV

Correct Answer:

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