=+LG 3 P523 Value of a retirement annuity Your bank manager has informed you about a new

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=+LG 3 P5–23 Value of a retirement annuity Your bank manager has informed you about a new investment plan that will provide you with $5,000 at the end of each of the next 20 years. If you have an opportunity to earn a guaranteed return of 6%, what is the most you would pay for this annuity right now?

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Principles Of Managerial Finance

ISBN: 9781292261515

15th Global Edition

Authors: Chad J. Zutter, Scott Smart

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