Your investment adviser has offered you a financial product in which you will receive 75,000 each...
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Your investment adviser has offered you a financial product in which you will receive 75,000 each year for 18 years. If you believe an appropriate rate for such investments is 6.5% per year, how much is the financial product worth to you? (please round your answer to the nearest dollar - please do not include commas in your answer) Your investment adviser has offered you a financial product in which you will receive 75,000 each year for 18 years. If you believe an appropriate rate for such investments is 6.5% per year, how much is the financial product worth to you? (please round your answer to the nearest dollar - please do not include commas in your answer)
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To calculate the present value of receiving 75000 each year for 18 years at a 65 annual in... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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