Annuity Review - payment is made immediately and the...

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Annuity Review Football Prize: a) Find the "true" value of an annuity worth $25,000 each year for 40 years, if the first payment is made at the end of the first year and the interest rate is 8%. b) Find the "true" value of an annuity worth $25,000 each year for 40 years, if the first
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Unformatted text preview: payment is made immediately and the interest rate is 8%. c) Find the "true" value of an annuity worth $25,000 each year for 40 years, if the first payment is made at the end of the third year and the interest rate is 8%....
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This note was uploaded on 06/04/2011 for the course ADMS 3530 taught by Professor Unknown during the Summer '09 term at York University.

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