Suppose you are offered a 10 year annuity that pays 1000$ a year, with the first payment

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Suppose you are offered a 10 year annuity that pays 1000$ a year, with the first payment due immidiately. What is the most you should be willing to pay for this annuity if the interest rate is 8% ?

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Apr 19, 2024 02:06 AM

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Suppose you are offered a 10 year annuity that pays 1000$ a year, with the first payment

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To find the maximum amount you should be willing to pay for the annuity we need to calcu... View the full answer

Principles of Finance

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