Question
A security company offers to provide CCTV coverage for a parking garage for ten years for an initial payment of $45,000 and additional payments of
A security company offers to provide CCTV coverage for a parking garage for ten years for an initial payment of $45,000 and additional payments of $25,000 per year. What is the equivalent annual annuity of thisdeal, given a cost of capital of 4%?
A.
$18,329
B.
$30,548
C.
$21,384
D.
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
