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You will receive 21 annual payments of $30,500. The first payment will be received 5 years from today and the interest rate is 5.9 percent.
You will receive 21 annual payments of $30,500. The first payment will be received 5 years from today and the interest rate is 5.9 percent. What is the value of the payments today?
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Public Finance
Authors: Harvey S Rosen
7th Edition
0072876484, 978-0072876482
