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What is the present value of a 3-year ordinary annuity of $2,000per year plus an additional $1,250 at the end of Year 3 if theinterest
What is the present value of a 3-year ordinary annuity of $2,000per year plus an additional $1,250 at the end of Year 3 if theinterest rate is 5%?a. $5,446.50b. $6,526.29c. $7,323.30d. $ 2 answers
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
