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Economics 10th Edition by William McEachern
Edition 10ISBN: 978-1133188124Economics 10th Edition by William McEachern
Edition 10ISBN: 978-1133188124 Exercise 14
PRESENT VALUE OF AN ANNUITY Why is $10,000 a close approximation of the price of an annuity that pays $1,000 each year for 30 years at 10 percent annual interest?
Explanation
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Present value of future income:
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Economics 10th Edition by William McEachern
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