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What is the present value of an annuity

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Reference no: EM131660684

Is there a way to calcultate this problem on the calculator? If so, can someone walk me through it or if not can you please explain the concept of solving the problem?

What is the present value of an annuity of $6,200 per year, with the first cash flow received three years from today and the last one received 25 years from today? Use a discount rate of 8 percent

Reference no: EM131660684

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