=+b. Next, suppose you are given such an annuity in 10 years; that is, suppose you know
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=+b. Next, suppose you are given such an annuity in 10 years; that is, suppose you know that the first payment will come 11 years from now. What is the consumption value of such an annuity today?
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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