What is the present value of a 3yr annuity of 14000 if the


A. What is the present value of a 3yr Annuity of $140.00 if the discount rate is 5%.

B. What is the PV of the annuity in (A) if you wait an additional yr to make the first payment?

Please give formula and explain steps

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Financial Management: What is the present value of a 3yr annuity of 14000 if the
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