Determine the present value of an annuity due with annual inflows of R20 000 for...
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Accounting
Determine the present value of an annuity due with annual inflows of R20 000 for six years at an interest rate of 10% compounded annually. Assume that the initial payment is received immediately.
a.R95 815.74
b.R87 105.21
c.R120 512
d.R154 312.20
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