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A five-year regular annuity has a present value of $1,000. If the interest rate is 8 percent, which answer is closest to the annuity payment?
A five-year regular annuity has a present value of $1,000. If the interest rate is 8 percent, which answer is closest to the annuity payment? a. $184.08 b. $231.91 c. $250.44 d. $181.62
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
