What is the present value of the annuity
a. Calculate the future value of a 4-year ordinary annuity of $1,000 if the appropriate interest rate is 11.5%
b. What's the present value of the annuity?
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Calculate the future value of a 4-year ordinary annuity of $1,000 if the appropriate interest rate is 11.5%What's the present value of the annuity?
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