If you put up $38,000 today in exchange for a 5.8 percent, 15-year annuity, what will the

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If you put up $38,000 today in exchange for a 5.8 percent, 15-year annuity, what will the annual cash flow be?

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Fundamentals of Corporate Finance

ISBN: 978-0077861704

11th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Nov 21, 2016 08:15 AM

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If you put up $38,000 today in exchange for a 5.8 percent, 15-year annuity, what will the

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The time line is 0 1 15 38000 C C C C C C C C C Here we have the PVA the leng...View the full answer

Fundamentals of Corporate Finance

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