An Investment is expected to result in equal payments of $7530.00 at the end of each month
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Question:
An Investment is expected to result in equal payments of $7530.00 at the end of each month for the next 5 years (ordinary annuity).
Compounding: 12 times per year.
If the appropriate required rate of return (discount rate) is 7%, what is the present value of the annuity stream?
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