An annuity pays $500 per year for the next 25 years. If the present value of the
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An annuity pays $500 per year for the next 25 years. If the present value of the annuity is $7,500 today what is the annual rate of return promised by the annuity?
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Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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