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  • 08-03-2024
  • Business
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Compute the present value of an annuity of $533 per year for 19 years, given a discount rate of 10 percent per annum. Assume that the first cash flow will occur one year from today (that is, at t=1).
A) Present value calculation
B) Annuity assessment
C) Discount rate determination
D) None of the above

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