Price $70 Annuity factor(8%, 1) $1,000 PV factor(8%, 1) $990.74 Rate of return to investor $70 ($990.74
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Price $70 Annuity factor(8%, 1) $1,000 PV factor(8%, 1) $990.74 Rate of return to investor
$70
($990.74 $982 17 982 17 0 080 8
. )
$ .
. %
LO.1
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Related Book For 
Essentials Of Investments
ISBN: 9780697789945
8th Edition
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
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