Bravo! You are the lucky winner of a 7-year annuity of $1,000 per year, with the first
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Bravo! You are the lucky winner of a 7-year annuity of $1,000 per year, with the first payment 2 years from today. Rates are constant at 6% per year.
The present value of your good fortune is?
Related Book For
Macroeconomics Principles, Applications, and Tools
ISBN: 978-0132555234
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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