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You are planning to purchase a restaurant and are wondering how much to pay for it. You've estimated that the restaurant will generate $241,828 per
You are planning to purchase a restaurant and are wondering how much to pay for it. You've estimated that the restaurant will generate $241,828 per year for the next 13 years, starting next year. If you want to earn 11.84% on your investments, how much should you pay for the restaurant today? You are the owner of a level annuity that pays $42,172 per year, for 6 years, starting next year. You would like to sell this annuity today. If the interest rate is 5.24%, how much can you sell the annuity for
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