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What would be present value if payments are to be received

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Reference no: EM132852392

Vivian wants to have R2, 800 at the end of each year for 12 years. The bank pays 14% interest, compounded annually. Vivian calculates that the present value of the ordinary annuity is R15, 848.81. What would be the present value if payments are to be received at the BEGINNING of each period rather than the end? Round your answer to the next whole amount/number

Reference no: EM132852392

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