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need help on 3 and 4 Question 3 (1 point) An investment is expected to result in equal payments of $ 17210.00 at the end
need help on 3 and 4
Question 3 (1 point) An investment is expected to result in equal payments of $ 17210.00 at the end of each of the next 9 years (ordinary annuity). If the appropriate required rate of return (discount rate) is 11 %, what is the present value of the annuity stream? (annual compounding) (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your Answer: Answer Question 4 (1 point) An investment is expected to result in equal payments of $25 at the end of each of the next 3 years (ordinary annuity). If the appropriate required rate of return (discount rate) is 5%, what is the present value of the annuity stream? (annual compounding) Step by Step Solution
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