Shepherd book invests 30000 in a pension during the first, Ask an Expert

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Shepherd Book invests $30,000 in a pension. During the first year, the pension will be worth $2,000, the second year $4,000, the third year $2,000, and the fourth year $4,000, and so on. The pension lasts for 12 years. What is the annual worth of this pension to Rev. Book, given that he has a discount rate of 11% ?

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Category:- Financial Management
Reference No.:- M91772010

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