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8 . Calculating Annuity Values [ LO 1 ] You want to have $ 7 5 , 0 0 0 in your savings account 1
Calculating Annuity Values LO You want to have $ in your savings account years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays percent interest, what amount must you deposit each year?
You have just joined an investment banking firm. They have offered you two different salary
arrangements. You can have $ per year for the next years or $ per year for the
next years, along with a $ signing bonus today. If the market interest rate is which
salary do you prefer on a present value basis
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