Question
We Pay Insurance Co. will pay you $1,525 each quarter for 30 years. You want to earn a minimum interest rate of 1.02 percent per
We Pay Insurance Co. will pay you $1,525 each quarter for 30 years. You want to earn a minimum interest rate of 1.02 percent per quarter. What is the most you are willing to pay today for these payments?
Multiple Choice
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$104,821.56
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$101,763.68
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$105,272.77
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$100,009.13
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$355,794.94
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Public Finance In Canada
Authors: Harvey S. Rosen, Wen, Snoddon
4th Canadian Edition
0070071837, 978-0070071834
