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ttps://mbamath.c board#/subjects/3/lessons/16/quizzes/1613 MBAmath Dashboard My Account Excel $Finance . Economics e Statistics -Accounting 1. Annual Time Value of Money 2.Sub-Annual Time Value of Money 3. Constant Annuity/Perpetuity 4. Growing Annuity/Perpetuity Pre-Quiz What is the present value of a series of payments received each year for 11 years, starting with $300 pald one year Answ from now and the payment growing in each subsequent year by 10%? Assume a discount rate of 12%. . Please round your answer to the nearest cent a Show navigation tipsExplanation / Answer
Present Value is $2,697 Dear Student Thank you for using Chegg Please find below the answer Statement showing Cash flows Particulars Time PVf 12% Amount PV Cash Flows 1.00 0.8929 300.00 267.86 Cash Flows 2.00 0.7972 330.00 263.07 Cash Flows 3.00 0.7118 363.00 258.38 Cash Flows 4.00 0.6355 399.30 253.76 Cash Flows 5.00 0.5674 439.23 249.23 Cash Flows 6.00 0.5066 483.15 244.78 Cash Flows 7.00 0.4523 531.47 240.41 Cash Flows 8.00 0.4039 584.62 236.12 Cash Flows 9.00 0.3606 643.08 231.90 Cash Flows 10.00 0.3220 707.38 227.76 Cash Flows 11.00 0.2875 778.12 223.69 PV of Cash Flows =PVCI 2,697.0
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