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    Principles of Managerial Finance
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    Exam 5: Time Value of Money
  5. Question
    Calculate the Present Value of an Annuity of $3,900 Each
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Calculate the Present Value of an Annuity of $3,900 Each

Question 83

Question 83

Essay

Calculate the present value of an annuity of $3,900 each year for four years, assuming an opportunity cost of 10 percent.

Correct Answer:

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PV = (3,90...

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