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18:18 Chapter 5 Pp.150-160 Q: 5,6 P: 6,14,15,16,19,21,25,31,40 Time Value of Money II Annuities (simple and due) Perpetuities (constant growth; dividends) Definitions Annuity – A series of equal payments at fixed intervals for a specified number of periods. Ordinary (Deferred) Annuity – An annuity whose payments occur at the end of each
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