Calculate the present value today of this deferred annuity


Mike Carlson will receive $16,000 a year from the end of the third year to the end of the 16thyear (14 payments). The discount rate is 11%. The present value today of this deferred annuity is?

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Accounting Basics: Calculate the present value today of this deferred annuity
Reference No:- TGS0696360

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