dq 2 - Current value(present value = $ 8,500 x 9.108 = $...

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Present value table of an annuity. You use the annuity table for cash flows coming in each year. Look up 15 periods and 7% interest to find the factor: 9.108
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Unformatted text preview: Current value (present value) = $ 8,500 x 9.108 = $ 77,418 The total amount received over the 15 years is $ 8,500 x 15 = $ 127,500...
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This note was uploaded on 05/07/2010 for the course ACCOUNTING ACC225 taught by Professor Professor during the Spring '10 term at University of Phoenix.

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