Present Value of an Annuity. What is the present value of
a. $387 a year for 5 years at a 9 percent discount rate?
b. $798 a year for 13 years at a 11 percent discount rate?
c. $754 a year for 11 years at a 11 percent discount rate?
d. $550 a year for 8 years at a 11 percent discount rate?
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a. $387 a year for 5 years at a 9 percent discount rate?
b. $798 a year for 13 years at a 11 percent discount rate?
c. $754 a year for 11 years at a 11 percent discount rate?
d. $550 a year for 8 years at a 11 percent discount rate?
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