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You are considering investing in a bank account that pays a yearly interest rate of 11.00%. If you wish to withdraw $565.54 from this account
- You are considering investing in a bank account that pays a yearly interest rate of 11.00%. If you wish to withdraw $565.54 from this account every period, forever, how much must you place into the account today?
- You wish to know the current price of a security. The security makes payments of $551,489.09 once every year for a period of 7 years. If the interest rate is 12.43%, then how much should this security cost?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
