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An annuity provides for 10 consecutive endof-year payments of $4500 The average generalinflation rate is estimated to be 5%annually and the market interest rate is 12%annually

An annuity provides for 10 consecutive endof-year payments of $4,500. The average generalinflation rate is estimated to be 5%annually, and the market interest rate is 12%annually. What is the annuity worth in terms ofa single equivalent amount of today's dollars?

May 01 2020 View more View Less

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