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How much more is a perpetuity of $1000 worth than an annuity of the same amount for 29 years? Assume an annual interest rate of
How much more is a perpetuity of $1000 worth than an annuity of the same amount for 29 years? Assume an annual interest rate of 8% and cash flows at the end of each period. Given annual compounding, Multiple Choice $1,381.84 $1,274 51 $1,341.59 $1475.75
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Personal Finance Turning Money Into Wealth
Authors: Arthur J Keown
5th Edition
0136070620, 9780136070627
