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November 24, 2014

Homework Help: Accounting

Posted by Page on Tuesday, April 19, 2011 at 9:42am.

(Present Value) What is the present value of an annuity that pays $250,000 in 30 years if interest accumulates at a rate of 7.5% compounded semiannually? (i.e. How do you have to pay NOW for the policy? You make no payments other than your lump sum payment.)

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