You invest 50,000 at time 0 in order to receive payments of X at times 15,16,17 and
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You invest 50,000 at time 0 in order to receive payments of X at times 15,16,17 and so on with the last payment at time 25 (all in years). Using an annual effective interest rate of 7%, find X.
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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