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Economics 11th Edition by William McEachern
Edition 11ISBN: 978-1305505469Economics 11th Edition by William McEachern
Edition 11ISBN: 978-1305505469 Exercise 13
PRESENT VALUE OF AN ANNUITY Why is $10,000 a close approximation of the price of an annuity that pays $1,000 each year for 30 years at 10 percent annual interest?
Explanation
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Present value of future income:
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Economics 11th Edition by William McEachern
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