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< Question 4 of 18 > possible This question: 1 point(s) possible An annuity pays $1100 per year for 10 years. Inflation is 6 percent per year. a. If the real MARR is 7 percent, what is the current dollar MARR? b. Using the current dollar MARR from part (a), calculate the present worth of the annuity. a. The current dollar MARR is percent. (Type an integer or decimal rounded to two decimal places as needed.) b. The present worth of the annuity is $ (Type an integer or decimal rounded to two decimal places as needed.) < Question 4 of 18 > possible This question: 1 point(s) possible An annuity pays $1100 per year for 10 years. Inflation is 6 percent per year. a. If the real MARR is 7 percent, what is the current dollar MARR? b. Using the current dollar MARR from part (a), calculate the present worth of the annuity. a. The current dollar MARR is percent. (Type an integer or decimal rounded to two decimal places as needed.) b. The present worth of the annuity is $ (Type an integer or decimal rounded to two decimal places as needed.)
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Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
Posted Date:
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