Mark is expected to receive $58,850 every year for the next 21 years. How much would...
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Mark is expected to receive $58,850 every year for the next 21 years. How much would he receive for this investment today, if the applicable quoted interest rate is 15%? Mark is expected to receive $58,850 every year for the next 21 years. How much would he receive for this investment today, if the applicable quoted interest rate is 15%?
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Answer To calculate the present value of an annuity we must use the following fo... View the full answer
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date:
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