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    Financial Accounting Information for Decisions
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    Exam 10: Reporting and Analyzing Long-Term Liabilities
  5. Question
    The Present Value of an Annuity Factor for Six Years
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The Present Value of an Annuity Factor for Six Years

Question 149

Question 149

True/False

The present value of an annuity factor for six years at 10% is 4.3553.This means that the present value of an annuity of six annual $2,000 payments at 10% would equal $8,711.

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