You are entering into a contract that will provide you with an income of $1000 at the

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You are entering into a contract that will provide you with an income of $1000 at the end of the year for the next 10 years. If the annual interest rate is 7 percent, what is the present value of that stream of payments?

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Personal Finance

ISBN: 9781439039021

10th Edition

Authors: E Thomas Garman, Raymond E Forgue

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