Calculate the present worth of 12 uniform payments of $12,000 that begin 1 year from now at an interest rate of 6% per year. The present worth is $

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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Calculate the present worth of 12 uniform payments of $12,000 that begin 1 year from now
at an interest rate of 6% per year.
The present worth is $
Transcribed Image Text:Calculate the present worth of 12 uniform payments of $12,000 that begin 1 year from now at an interest rate of 6% per year. The present worth is $
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