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What is the present value of a $1,000 per year annuity for 5 years at an interest rate of 12% if the first payment is
What is the present value of a $1,000 per year annuity for 5 years at an interest rate of 12% if the first payment is received at the beginning of year 6?
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
11th Edition
1260288390, 978-1260288391
