What is the present value of future annual receipts


Response to the following problems:

1. What is the present value on January 1, 2010 of seven equal future annual receipts of $30,000, if the first receipt is received on January 1, 2010 and the interest rate is 10% compounded annually?

2. What will be the future value on December 31, 2014 of five annual $60,000 deposits starting on December 31, 2010, if the amounts earn 8% compounded annually?

 

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Financial Accounting: What is the present value of future annual receipts
Reference No:- TGS02101272

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