An Investment is expected to result in equal payments of $7530.00 at the end of each month

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An Investment is expected to result in equal payments of $7530.00 at the end of each month for the next 5 years (ordinary annuity).

Compounding: 12 times per year.

If the appropriate required rate of return (discount rate) is 7%, what is the present value of the annuity stream?

Related Book For answer-question

Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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Posted Date: Feb 28, 2024 02:17 AM

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An Investment is expected to result in equal payments of $7530.00 at the end of each month

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To find the present value of the annuity stream we can use the formula f... View the full answer

Modern Principles of Economics

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