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Calculate the present value for the following:

a. $5,000 received at the end of 5 years if your investments pay 6% compounded annually.

b. $5,000 received each year for 5 years on the last day of each year if your investments pay 6% compounded annually.

c. $5,000 received each quarter for 5 years on the last day of each quarter if your investments pay 6% compounded annually.

d. $5,000 received each year for 5 years on the first day of each year if your investments pay 6% compounded annually.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M9791447

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