In computing the present value of an annuity, it is necessary to know only the discount rate and the amount of the periodic receipts or payments.

Name: In computing the present value of an annuity, it is necessary to know only the discount rate and the amount of the periodic receipts or payments.
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To compute the present value of an annuity, you also need to know the number of periods over which the annuity is paid or received, in addition to the discount rate and the amount of the periodic payments.

In Computing the Present Value of an Annuity, It Is