Peter lynchpin wants to sell you an investment contract, Ask an Expert

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Peter Lynchpin wants to sell you an investment contract that pays equal $13,900 amounts at the end of each year for the next 15 years. If you require an effective annual return of 10 percent on this investment, how much will you pay for the contract today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Value today $

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Financial Management, Finance

Category:- Financial Management
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