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Will the present value of your winnings using an interest

Present value of an annuity

Assume the same data as in Appendix 1 Exercise 14-19, except that the current interest rate is 13%. Will the present value of your winnings using an interest rate of 13% be onehalf the present value of your winnings using an interest rate of 6.5%? Why or why not?

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Accounting Basics: Will the present value of your winnings using an interest

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