An investor will receive an annuity of $5,000 a year for seven years. The first...
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An investor will receive an annuity of $5,000 a year for seven years. The first payment is to be received 5 years from today. If the annual interest rate is 11.5%, what is the present value of the annuity? What is the after tax present value of the annuity if the investor is in the 28% marginal tax bracket?
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