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Shieee79go
Answered

Kalmin's annuity pays 2,700 at the end of each year for 4 years. the annuity earns 6.5% compounded annually determine the present value of annuity construct a cash flow stream ​

Sagot :

Addisontimgo

Answer:

Convert 12% into decimal part = 12/100 = 0.12.

Add 1 to it = 0.12 + 1 = 1.12.

Now, just press “1/1.12” and press “=” as many times as the number of years (here 4 times)

You got the answer (PVIF) – 0.6355. ...

Press the GT (Grand Total) button on the Top Left side.

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