You are set to receive an annual payment of $12,500 per year for the next 12 years.
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You are set to receive an annual payment of $12,500 per year for the next 12 years. Assume the interest rate is 7.4 percent. How much more are the payments worth if they are received at the beginning of the year rather than the end of the year?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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