Solved: Suppose you just bought a 25-year annuity of 7600 per year, Accounting Basics

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Suppose you just bought a 25-year annuity of 7600 per year

Question - Suppose you just bought a 25-year annuity of $7,600 per year at the current interest rate of 12 percent per year.

What is the value of your annuity today?

What is the present value if interest rates suddenly drop to 7 percent?

What is the present value if interest rates suddenly rise to 17 percent?

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Accounting Basics: Suppose you just bought a 25-year annuity of 7600 per year

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Accounting Basics: Suppose you just bought a 25-year annuity of 7600 per year

Reference No:- TGS02861164

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