What is the present value of a 10-year ordinary annuity of $20,000 using a 7% discount rate?
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What is the present value of a 10-year ordinary annuity of $20,000 using a 7% discount rate?
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
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Related Book For 
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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