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Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Mary will receive a 10-year $300 annuity which will start payments in year 6. She will also receive an additional payment of $500 in year
3. What is the present value of all the payments if the interest rate is 6%?
O 1888.273
O 1976.381
O 1649.966
O2069.775
2627.836
Transcribed Image Text:Mary will receive a 10-year $300 annuity which will start payments in year 6. She will also receive an additional payment of $500 in year 3. What is the present value of all the payments if the interest rate is 6%? O 1888.273 O 1976.381 O 1649.966 O2069.775 2627.836
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