Suppose you are going to receive $10,000 per year for 6 years. The appropriate interest rate...

Suppose you are going to receive $10,000 per year for 6 years. The appropriate interest rate is 11 percent.


a.	What is the present value of the payments if they are in the form of an ordinary annuity?

b.	What is the present value if the payments are an annuity due?

Expert Solution

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As no method has been mentioned in the question ,I have solved the same with excel functions.

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jeff jeffy answered 2 years ago

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