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An annuity security offers 20 yearly payments of $10,000 per year, with the first payment occurring 5 years from today. The annual discount rate is
- An annuity security offers 20 yearly payments of $10,000 per year, with the first payment occurring 5 years from today. The annual discount rate is 5%. What is the price of this security?
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
1st Edition
0765616785, 9780765616784
