Business, 20.09.2019 00:00 snlawson9053
Peter lynchpin wants to sell you an investment contract that pays equal $13,800 amounts at the end of each year for the next 16 years. if you require an effective annual return of 7 percent on this investment, how much will you pay for the contract today? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
Answers: 1
![= 13,800[\frac{(1 - \frac{1}{1.07^{16}})}{0.07}]](/tpl/images/0244/5735/51590.png)
![=13,800[\frac{(1 - 0.33873)}{0.07}]](/tpl/images/0244/5735/a6bbf.png)
![=13,800[9.44665]](/tpl/images/0244/5735/026b9.png)
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Peter lynchpin wants to sell you an investment contract that pays equal $13,800 amounts at the end o...
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