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2.4 You would like to purchase annuity of R10 000 for the next 15 years. The bank is offering an interest rate of 10%
2.4 You would like to purchase annuity of R10 000 for the next 15 years. The bank is offering an interest rate of 10% per annum. How much must be invested today for: 2.4.1 Ordinary annuity 2.4.2 Annuity due 2 (2)
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
