Suppose that you have inherited an annuity that will pay $3,000 each of the next 20...
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Suppose that you have inherited an annuity that will pay $3,000 each of the next 20 years. Assuming that the annual cost of capital is 12%, what is the value of this annuity today? Round your final answer to two decimals. Suppose that you have inherited an annuity that will pay $3,000 each of the next 20 years. Assuming that the annual cost of capital is 12%, what is the value of this annuity today? Round your final answer to two decimals.
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ANSWER As calculated in above step final answer is 2240833 EXPLANATIO... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
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