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Pharoah Company is considering investing in an annuity contract that will return $29,000 annually at the end of each year for 19 years. Click here
Pharoah Company is considering investing in an annuity contract that will return $29,000 annually at the end of each year for 19 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Pharoah Company pay for this investment if it earns an 8% return? (Round answer to 2 decimal places, e.g. 25.25.) Pharoah Company should pay $ Windsor, Inc. signed a lease for an office building for a period of 11 years. Under the lease agreement, a security deposit of $10,000 is made. The deposit will be returned at the expiration of the lease with interest compounded at 8% per year. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will Windsor, Inc receive at the time the lease expires? (Round answer to 2 decimal places, e.g. 25.25.) Amount at the time the lease expires $
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