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An investment pays out $2,000 each year for 20 years and the current rate of return is 5%. What is the maximum amount wed pay
An investment pays out $2,000 each year for 20 years and the current rate of return is 5%. What is the maximum amount wed pay now for such an investment? if this qualifies as an annuity, we can use the annuity present value equation; P[ (1-(1+r)^-n) / (r) ] Show work
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