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What is the present value of the five payments

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Question 1: A company enters into an agreement to make 5 annual year-end payments of $3,000 each, starting one year from now. The annual interest rate is 6%. The present value of an annuity (series of payments) for 5 periods at 6% is 4.2124. What is the present value of these five payments?

Reference no: EM132488349

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