Question
If you require a return of 20% on your investment, how much would you be willing to pay for an annuity of $5000 per year
If you require a return of 20% on your investment, how much would you be willing to pay for an annuity of $5000 per year if the first payment is received 6 years from now and the last payment is received 20 years from now?
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Personal Finance A Practical Approach
Authors: Jane King, Mary Carey
1st Edition
0199668833, 9780199668830
