An annuity provides for 10 consecutive endo f-year payments of $72.000. The average general inflation rate is
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An annuity provides for 10 consecutive endo f-year payments of $72.000. The average general inflation rate is estimated to be 4% annually, and the market interest rate is 8’4 annually. What is the annuity worth in terms of a single equivalent amount of today’s dollars?
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