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QUESTION
Present value of an ordinary annuity: an investment opportunity requires a payment of $750 for 12 years, starting a year from today. if your required rate of return is 8 percent, what is the value of
Present value of an ordinary annuity: an investment opportunity requires a payment of $750 for 12 years, starting a year from today. if your required rate of return is 8 percent, what is the value of the investment to you today?
