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A bank advertises the following deal: Pay us $100 a year for 10 years and then we will pay you (or your beneficiaries) $100 a
A bank advertises the following deal: Pay us $100 a year for 10 years and then we will pay you (or your beneficiaries) $100 a year forever. Is this a good deal if the interest rate available on other deposits is 8%?
I am have trouble figuring out the pv and fv of the this question. Our teacher wants us to find the answer using the calculator BA 2 PLUS. Please help with the values that need to inputted. thank you
PV
FV
N=10
I/Y=8
PMT=100
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