An annuity provides for 10 consecutive end-of-year payment, Ask an Expert

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"An annuity provides for 10 consecutive end-of-year payment of $85,000 in actual dollars. The general inflation rate is 2% annually, and the inflation-free interest rate is 6.4% annually. What is the present value of the annuity after considering the effects of inflation?"

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Financial Management, Finance

Category:- Financial Management
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