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Mike Carlson will receive $24,000 a year from the end of the third year to the end of the 15th year (13 payments). The discount
Mike Carlson will receive $24,000 a year from the end of the third year to the end of the 15th year (13 payments). The discount rate is 9%. The present value today of this deferred annuity is:
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
