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Business, 22.02.2020 01:32 busra09

Suppose that you have inherited an annuity that will pay $ 2,000 one year from now, each of the following 49 annual payments will be 3% larger than the prior payment. Assuming that the annual opportunity cost of capital is 7%, what is the value of this annuity today? Round your final answer to two decimals.

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Suppose that you have inherited an annuity that will pay $ 2,000 one year from now, each of the foll...
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