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Unformatted text preview: The future value of an annuity refers to the amount that one will accumulate by making regular payments at interest over a period of time. The present value of an annuity cannot be easily calculated arithmetically as can the present value of a future sum. Rather, the present value of each payment must be calculated by dividing each by 1 plus the discount rate rose to the power of the number of periods involved....
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This note was uploaded on 10/30/2010 for the course FIN 320 ASDFI taught by Professor Asdf during the Spring '09 term at University of Phoenix.
- Spring '09