Tara knowles buys an annuity that will pay her 24000 a year


Tara Knowles buys an annuity that will pay her $24,000 a year for 25 years. The payments are paid on the first day of each year. What is the value of this annuity today if the discount rate is 8.5 percent?

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Financial Management: Tara knowles buys an annuity that will pay her 24000 a year
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