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The Ozohu Consulting Services expect to receive N160,000 per year at the end of each year for the next 20 years from a new machine.
The Ozohu Consulting Services expect to receive N160,000 per year at the end of each year for the next 20 years from a new machine. If the firm's opportunity cost of fund is 10 percent, how much is the present value of this annuity?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
