Present value of annuity due= payment per period * [1-(1+i)^-n]/i *(1+i)
i = interest rate per period
n = number of periods
=>
Present value = 2000 * [1-(1+0.1)^-7]/0.1 * 1.1
= 10711
What is the present value of 7 receipts of $2,000 each received at the beginning of...
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