Peter Lynchpin wants to sell you an investment contract that pays equal $22,500 amounts at the end
Question:
Peter Lynchpin wants to sell you an investment contract that pays equal $22,500 amounts at the end of each year for the next 20 years. If you require an effective annual return of 8 percent on this investment, how much will you pay for the contract today?
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The time line is The cash flows are an annuity so ...View the full answer
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Muhammad Umair
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Related Book For 
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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