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What is the present value of a 30-year immediate annuity at 10% interest where the first payment is $100 and each payment thereafter is increased
What is the present value of a 30-year immediate annuity at 10% interest where the first payment is $100 and each payment thereafter is increased by 5%?
Answer: $1,504.63
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
16th Edition
1259919684, 978-1259919688
