Calculate the present value for aurdining annuity 708 for 20year ?i=10%??

Question

Question

business finance

Answer 1

Answer #1

Solution :-

Present value of annuity = Payment per year * PVAF(r,n)

= Pymnt per year * PVAF(10%, 20years)

= $708 * 8.513

= $6027.603

Answer 2

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