te the following question (d) What is the present value of $7,000 to be received at the end of each of 20 periods, discounted at 5% compound interest?...
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please explain the process to complete the following question


(d) What is the present value

of $7,000 to be received at the end of each of 20 periods, discounted at 5% compound interest?

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PVA = Annuity * [{1 - (1 + r) -n } / r] = $7,000 *... View the full answer

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