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You are offered an annuity that will pay $24,000 per year for 11 years. If you feel that the appropriate discount rate is 13%, what
| You are offered an annuity that will pay $24,000 per year for 11 years. If you feel that the appropriate discount rate is 13%, what is the annuity worth to you today? |
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
8th Edition
0324258917, 9780324258912
