What would be the present value of the annuity


Problem

Determine the present value of an annuity due of $2000 per year for 25 years discounted back to the present at an annual rate of 8 percent. What would be the present value of this annuity due if it were discounted at an annual rate of 13 percent?

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Financial Accounting: What would be the present value of the annuity
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