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deferred annuity

Del Monly will receive the foowing payments at the end of the next three years $2.000 $3.500, and S4 500 Then, from the end o
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Solution: Year Cash flow PV factor at 9% PV factor working 2 3 2000 3500 4500 5000 5000 5000 5000 5000 5000 5000 0.91743 1/(1

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