3.4 You are offered two alternatives: a $2000 annuity for 7 years or a lump sum today....
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3.4 You are offered two alternatives: a $2000 annuity for 7 years or a lump sum today. If current interest rates are 9 percent, how large will the lump sum have to be to make you indifferent between the alternatives?
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Related Book For 
Finance And Accounting For Nonfinancial Managers
ISBN: 978-0071364331
1st Edition
Authors: Samuel C Weaver ,J Fred Weston
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