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Economics - Financial Markets
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OpenStudy (anonymous):
please help help me out?? Garrett has an annuity that pays $2,460 at the beginning of each year. If the economy grows at a rate of 2.35% semiannually, what is the value of the annuity if he received it in a lump sum now rather than over a period of nine years? $40,168.22 $39,701.72 $20,084.11 $19,850.86
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