You have created a two-period annuity as a product manager at Fidelity. The annuity pays 100...

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You have created a two-period annuity as a product manager at Fidelity. The annuity pays 100 dollars each year for 15 years starting at the end of 10 year, and then pays 300 dollars each year for 20 years after the 15 years of 100 dollars payment. How much should this annuity be priced today? Interest rate is 8% APR You have created a two-period annuity as a product manager at Fidelity. The annuity pays 100 dollars each year for 15 years starting at the end of 10 year, and then pays 300 dollars each year for 20 years after the 15 years of 100 dollars payment. How much should this annuity be priced today? Interest rate is 8% APR

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PRESENT VALUE INTEREST FACTOR OF ANNUITY11R N R FOR 8 AND 15 ... View the full answer