Calculate the present value of this annuity


You are given an annuity immediate paying $22 annually for twenty years. After the twenty years, the payments decrease by one per year until it reaches a payment of $1. The payments of $1 continue forever. That annual effective rate of interest is 6%. Calculate the present value of this annuity.

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Accounting Basics: Calculate the present value of this annuity
Reference No:- TGS0670567

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