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    jackel4849's Avatar
    jackel4849 Posts: 3, Reputation: 1
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    #1

    Oct 17, 2009, 06:10 PM
    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?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Oct 17, 2009, 07:30 PM

    Please see the guidelines for posting homework:
    Ask Me Help Desk - Announcements in Forum : Homework Help
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