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An ordinary annuity selling at $9,290.87 today promises to make equal payments at the end of each year for the next eight years (N). If
An ordinary annuity selling at $9,290.87 today promises to make equal payments at the end of each year for the next eight years (N). If the annuity's appropriate interest rate (I) remains at 5.00% during this time, what will be the value of the annual annuity payment (PMT)? $3,219.29 $2,084.38 $1,437.50 $1,796.88 You just won the lottery. Congratulations! The jackpot is $10 million, paid in eight equal, annual payments. The first payment on the lottery jackpot will be made today. In PV terms, how much did you really win? Use an annual interest rate (I) of 5.00%. In PV terms you won million. $8.483 $11.936 $8.079 $12.533 per WTN 320 321
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