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Assume that you own an annuity that will pay you $ 1 5 , 0 0 0 per year for 1 2 years, with the
Assume that you own an annuity that will pay you $ per year for years, with the first payment being made today. You need money today to start a new business, and your uncle offers to give you $ for the annuity. If you sell it to your uncle, what rate of return would your uncle earn on his investment?
Assume that you own an annuity that will pay you $ per year for years, with the first payment being made today. You need money today to start a new business, and your uncle offers to give you $ for the annuity. If you sell it to your uncle, what rate of return would your uncle earn on his investment?
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