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How much would you be willing to pay for a 10-year ordinary annuity if the payments...

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Operations Management

How much would you be willing to pay for a 10-year ordinaryannuity if the payments are $500 per year and the interest rate is6.25% compounded annually ?

Answer & Explanation Solved by verified expert
3.6 Ratings (315 Votes)
SOLUTION given datapayments 500 yearinterest rate 625by using    See Answer
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