Peter Lynchpin wants to sell you an investment contract that pays equal $15,000 amounts at the end

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Peter Lynchpin wants to sell you an investment contract that pays equal $15,000 amounts at the end of each of the next 20 years. If you require an effective annual return of 7 percent on this investment, how much will you pay for the contract today?

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Essentials of Corporate Finance

ISBN: 978-0078034756

8th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Feb 23, 2017 02:04 AM

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Peter Lynchpin wants to sell you an investment contract that pays equal $15,000 amounts at the end

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Essentials of Corporate Finance

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