Question
How much would you be willing to pay today for an annuity that promises to pay $4,819 per year for 9 years, beginning exactly one
How much would you be willing to pay today for an annuity that promises to pay $4,819 per year for 9 years, beginning exactly one year from today. Your relevant interest rate is 11 percent. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.
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Sport Finance
Authors: Gil Fried, Timothy D. DeSchriver, Michael Mondello
4th Edition
1492559733, 978-1492559733
