What is the present value of the annuity
Problem
What is the present value of the following annuity?
$1,410 every year at the end of the year for the next 10 years, discounted back to the present at 12.23 percent per year, compounded annually?
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What is the present value of the following annuity? Discounted back to the present at 12.23 percent per year, compounded annually?
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