Determine the present value of an ordinary annuity

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Reference no: EM133434266

Question: Determine the present value of an ordinary annuity of ?$2,500 per year for 12 ?years, assuming it earns 16 percent. Assume that the first cash flow from the annuity comes at the end of year 9 and the final payment at the end of year 20. That? is, no payments are made on the annuity at the end of years 1 through 8. ? Instead, annual payments are made at the end of years 9 through 20.

Reference no: EM133434266

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