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You inherit an annuity that will pay you $5,000 per year for 20 years, with the first payment being made today. A fair return
You inherit an annuity that will pay you $5,000 per year for 20 years, with the first payment being made today. A fair return in the market approximates 8%. How much should you ask for it if you decided to sell it?
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
