Question 16 1 pts If the present value of a 10-year ordinary is $7,022 and...

80.2K

Verified Solution

Question

Accounting

image

Question 16 1 pts If the present value of a 10-year ordinary is $7,022 and interest rates are 11.2 percent, what is the present value of the same annuity due? (ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS AND COMMAS. ROUND YOUR ANSWER TO 2 DECIMAL PLACES.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students