A representative of a reputable financial services company has approached you as a manager of a four
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Question:
A representative of a reputable financial services company has approached you as a manager of a four person group of anesthesiologist with an opportunity to purchase a 10-year annuity due for each member of the group. The annuity due would pay $40,000 each year beginning 5 years from now (i.e., at time =5). What is the most you would be willing to pay now, per each physician, for this investment? Assume an appropriate discount of 7%.
Related Book For
Managerial Decision Modeling with Spreadsheets
ISBN: 978-0136115830
3rd edition
Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair
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