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(Solved): What is the present value of this series of payments received in the future? $300 at end of year 1 $ ...



What is the present value of this series of payments received in the future?
$300 at end of year 1
$400 at end of year 2
$300 at end of year 3
Assume the applicable interest rate is 12% the first year and 4% in each of the next two years.



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The present value of this series of payments can be calculated using the present value of an annuity formula. The formula is:PV = PMT x [1 - (1 + i)-n
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