If you require an effective annual return of 8 percent on


Peter Lynchpin wants to sell you an investment contract that pays equal $12,900 amounts at the end of each year for the next 15 years.

If you require an effective annual return of 8 percent on this investment, how much will you pay for the contract today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Value today            $

Request for Solution File

Ask an Expert for Answer!!
Financial Management: If you require an effective annual return of 8 percent on
Reference No:- TGS02851695

Expected delivery within 24 Hours