Question
Suppose you just bought a 9-year annuity of $16,300 per year at the current interest rate of 13.25 percent per year. What is the value
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Suppose you just bought a 9-year annuity of $16,300 per year at the current interest rate of 13.25 percent per year. What is the value of the investment at the current interest rate of 13.25 percent? What happens to the value of your investment if interest rates suddenly drop to 8.25 percent? What happens to the value of your investment if interest rates suddenly rise to 18.25 percent? |
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Adventure Finance
Authors: Aunnie Patton Power
1st Edition
3030724271, 978-3030724276
