In 130, indicate whether the statement is true or false. The present value of 3 annual

Chapter 10, Problem 19

(choose chapter or problem)

In 130, indicate whether the statement is true or false. The present value of 3 annual payments of $600, starting now, assuming annual interest rate of 4%, is 600 + 600(1.04)1 + 600(1.04)2 dollars.

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