The factor for the present value of an annuity for 6 years at 10% is 4.3553. This implies that an annuity of six $2,000 payments at 10% is the equivalent of $8,710.60 today.
Answer the following statement true (T) or false (F)
True
$2,000 × 4.3553 = $8,710.60
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Answer the following statement true (T) or false (F)
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