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QUESTION
What is the PV of a 5-year annuity due (payments at beginning of period, aka annuity in advance) of $650 if the required return is 6. 2286 b. 2434 c....
What is the PV of a 5-year annuity due (payments at beginning of period, aka annuity in advance) of $650 if the required return is 6.5%
a. 2286
b. 2434
c. 2750
d. 2877
e. insufficient information to compute
