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Consider an inheritance that pays the beneficiary an annuity of $800 that begins immediately (an annuity due) and then annually in year 1 through year
Consider an inheritance that pays the beneficiary an annuity of $800 that begins immediately (an annuity due) and then annually in year 1 through year 25 (for a total of 26 years) with one exception - the payment in year 20, and only 20, is not $800 but $0. Using an interest rate of 8%, determine the present value of this cash flow stream
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The Management Of Business Finance
Authors: John Freear
1st Edition
0273014315, 978-0273014317
