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Please answer each part of this question using detailed steps and I will submit them soon, thanks for your help! Your broker has proposed that
Please answer each part of this question using detailed steps and I will submit them soon, thanks for your help!
Your broker has proposed that you pay $57000 today for an ordinary annuity of 56000 per year for 12 years. Your opportunity cost of funds is 8.58% and the return from this imvestment is tax-free. How much should you pay today for the ordinary annuity? Present your answer as a whole number to two decimals fincluding the 5 symbol), e.g. 53210.65 (25\% marks will be deducted if the 5 symbol is not provided) Step by Step Solution
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