Joe Jan wants to receive $22,000 each year for the next 22 years. Assume a 6%interest rate

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Joe Jan wants to receive $22,000 each year for the next 22 years. Assume a 6%interest rate compounded annually. How much must Joe invest today?

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Entrepreneurial Finance

ISBN: 978-0133140514

6th edition

Authors: Philip J. Adelman; Alan M. Marks

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Question Posted: Apr 30, 2013 09:05 AM

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Joe Jan wants to receive $22,000 each year for the next 22 years. Assume a 6%interest rate

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