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27) What is most that we should pay today for an annuity contract that promises to pay $20,000 per year for 22 years 1 our
27) 
What is most that we should pay today for an annuity contract that promises to pay $20,000 per year for 22 years 1 our required rate of return is 8.24% per annum? We would receive the first annuity payment in one year. a. 224224.64 b. 234234.67 C. 148148.42 d. 244244.70 e. 190190.54 f. 200200.57 Step by Step Solution
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
