You want to determine the price of a particular annuity, which consists of cash flows of $700

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You want to determine the price of a particular annuity, which consists of cash flows of $700 at the end of each year for 5
years. You want the annuity to provide a minimum return of 8%.

A. $3,240.7

B. $2,794.9

C. $3,000.7

D.$3,500.0

E. $2,778.4

Related Book For answer-question

Sales Force Management Leadership Innovation Technology

ISBN: 9781138951723

12th Edition

Authors: Mark W. Johnston, Greg W. Marshall

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Posted Date: Jan 29, 2024 12:02 PM

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You want to determine the price of a particular annuity, which consists of cash flows of $700

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Sales Force Management Leadership Innovation Technology

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