If the present value of an ordinary, 7-year annuity is $9,600 and interest rates are 9.0...

If the present value of an ordinary, 7-year annuity is $9,600 and interest rates are 9.0 percent, what’s the present value of the same annuity due? (Round your answer to 2 decimal places.)

Expert Solution

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

As nothing was mentioned excel is used. If you need with formula, let me know, will do that also. Thank you.

jeff jeffy answered 1 year ago

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