Erie Insurance offers an annuity due with semiannual payments of $5000 for 25 years at 6 percent

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Erie Insurance offers an annuity due with semiannual payments of $5000 for 25 years at 6 percent annual interest compounded semiannually. How much would you pay for it today?

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Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

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Posted Date: Jan 23, 2023 05:51 AM

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Erie Insurance offers an annuity due with semiannual payments of $5000 for 25 years at 6 percent

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Fundamental Accounting Principles

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