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You have an investment that pays $5,300 each year for 5 years, starting next year. The interest rate is 4.18% compounded annually. What is the
You have an investment that pays $5,300 each year for 5 years, starting next year. The interest rate is 4.18% compounded annually. What is the present value of this investment? You are the owner of a level annuity that pays $45,692 per year, for 7 years, starting next year. You would like to sell this annuity today. If the interest rate is 5.34%, how much can you sell the annuity for
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