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    The Present Value of an Annuity Factor at 8% for 10
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The Present Value of an Annuity Factor at 8% for 10

Question 56

Question 56

True/False

The present value of an annuity factor at 8% for 10 years is 6.7101. This implies that an annuity of ten $15,000 payments at 8% yields a present value of $2,235.

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