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A 20-year annuity pays $1,500 monthly, and payments are made at the end of each month. If the interest rate is 6.25 percent compounded monthly
A 20-year annuity pays $1,500 monthly, and payments are made at the end of each month. If the interest rate is 6.25 percent compounded monthly for the first ten years and 5.50 percent compounded monthly after that, what is the PV of the annuity
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
