Peter Lynchpin wants to sell you an investment contract that pays equal $12,000 amounts at the end
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Peter Lynchpin wants to sell you an investment contract that pays equal $12,000 amounts at the end of each of the next 20 years. If you require an effective annual return of 9 percent on this investment, how much will you pay for the contract today?
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The cash flows are an annuity so we can use the ...View the full answer
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Related Book For
Essentials Of Corporate Finance
ISBN: 9780073382463
7th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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