An annuity makes 5 equal annual payments of 2000 what is, Financial Management

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An annuity makes 5 equal annual payments of 2000 what is

1. An annuity makes 5 equal annual payments of $2,000. The first payment begins in exactly 10 years. If the relevant discount (interest) rate is 12%, what is the present value (today) of the annuity?

2. The best way to develop a budget is to identify all the things you want and to include these items in the budget

a. true

b. false

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