An annuity provides for 11 consecutive end-of-year payments, Ask an Expert

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An annuity provides for 11 consecutive end-of-year payments for $67000. The average general inflation rate is estimated to be 2% annually, and the market interest rate is 6% annually. What is the annuity worth in terms of a single equivalent amount in today's dollars?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91825615

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