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present value of an annuity due

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

The discounted value of a series of equal amounts occurring at the beginning of each equal time interval.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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