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Posted on Sep 07, 2024

You are offered an annuity that will pay $ 5 , 4 2 0 per quarter for 8 years ( first payment made today )

You are offered an annuity that will pay $

5, 420

per quarter for

8

years

(

first payment made today

) .

If you feel that the appropriate discount rate is

13 %,

what is the annuity worth to you today?

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