The payments are paid on the first day of each year ie they
You buy an annuity which will pay you $7,000 a year for 30 years. The payments are paid on the first day of each year, i.e. they start today. What is the present value of this stream of payments if the discount rate is 5 percent?
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you buy an annuity which will pay you 7000 a year for 30 years the payments are paid on the first day of each year ie
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