You are considering an annuity contract that pays ( $ 500 / ) month (Hint: monthly compounding)

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You are considering an annuity contract that pays \$ \\$ 500 / \$ month (Hint: monthly compounding) for the next 25 years. Assuming an interest rate of \$ 4.5 \\% \$, what is the cost today (PV) of the annuity

Posted Date: May 17, 2024 09:11 PM

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You are considering an annuity contract that pays ( $ 500 / ) month (Hint: monthly compounding)

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