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Dr. Oats, a nutrition professor, invests $99,000 in a piece of land that is expected to increase in value by 15 percent per year for
Dr. Oats, a nutrition professor, invests $99,000 in a piece of land that is expected to increase in value by 15 percent per year for the next ten years. She will then take the proceeds and provide herself with a 18-year annuity. Assuming a 15 percent interest rate for the annuity, how much will this annuity be? Use Appendix A and Appendix D. (Round "FV Factor" and "PV Factor" to 3 decimal places and final answer to 2 decimal places. Omit the "$" sign in your response.) http://lectures.mhhe.com/connect/0073530727/Images/Appendix_A.JPG http://lectures.mhhe.com/connect/0073530727/Images/Appendix_D.JPG
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