You are promised $10,000 a year for six years after which you will receive $5,000 a year

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You are promised $10,000 a year for six years after which you will receive $5,000 a year for six years. If you can earn 8 percent annually, what is the present value of this stream of payments?

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Investments An Introduction

ISBN: 978-0324561388

9th Edition

Authors: Herbert B Mayo

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Question Posted: Jun 26, 2012 05:24 AM

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You are promised $10,000 a year for six years after which you will receive $5,000 a year

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Investments An Introduction

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