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What is the present value of a $1,000 annuity payment over four years if interest rates are 7 percent? (Round your answer to
You wish to buy a $10,000 dining room set. The furniture store offers you a three- year loan with an 11 percent APR. What are
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The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.1 Answer 2 7 2 3 Part 1) 4 Present Value of Annuity 5 = annual payment * present value annuity factor (7%,4) 6 = 1000 * ((1-(

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