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A financial instrument that you own promises an annual payment at the end of every year for eternity The first payment you will receive will equal $2000 Payments will grow at an annual

A financial instrument that you own promises an annual payment at the end of every year for eternity. The first payment you will receive will equal $2,000. Payments will grow at an annual 2.3%. If the annually compounded discount rate is 7.3%, what is the value of your instrument today? a. None of the answers is correct b. $50,000 c. $40,000 d. $30,000 e.$20,000
 

Apr 07 2020 View more View Less

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