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QUESTION
Homework #2D (FV and PV of Ordinary Annuity Annually)
Homework #2D (FV and PV of Ordinary Annuity Annually)
What is the present value of the following annuity?$1,125 every year at the end of the year for the next 8 years, discounted back to the present at 17.34 percent per year, compounded annually?
Round the answer to two decimal places.
