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You buy an annuity that will pay you $24,000 a year for 25 years. The payments are paid on the first day of each year.
You buy an annuity that will pay you $24,000 a year for 25 years. The payments are paid on the first day of each year. What is the value of this annuity today if the discount rate is 8.5 percent? Group of answer choices $266,498 Please solve it by finance calculator and show your work thank you
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
