Determine the present value of three payments
Question: Assume you are to receive a stream of yearly payments [also called an "annuity"] of $3000 each year for 3 years starting this year. The interest rate is 3 percent. Determine the present value of these three payments?
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Compute the present value of the following:
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Assume you are to receive a stream of yearly payments of $3000 each year for 3 years starting this year. The interest rate is 3 percent.
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