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Calculating present value of annuities peter lynchpin wants

Question: Calculating Present Value of Annuities. Peter Lynchpin wants to sell you an investment contract that pays equal $17,500 amounts at the end of each year for the next 20 years. If you require an effective annual return of 8 percent on this investment, how much will you pay for the contract today?

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Finance Basics: Calculating present value of annuities peter lynchpin wants

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