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  • Oct 17, 2009, 06:10 PM
    jackel4849
    Finance, annuity amount
    A 10-year annual annuity due with the first payment occurring at t=7 has a present value of $50,000 today. If the discount rate is 13% per year, what is the annuity amount?
  • Oct 17, 2009, 07:30 PM
    morgaine300

    Please see the guidelines for posting homework:
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