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Sindrei [870]
4 years ago
14

Mo will receive a perpetuity of $27,000 per year forever, while Curly will receive the same annual payment for the next 40 years

. If the interest rate is 7.1 percent, how much more are Mo's payments worth
Business
1 answer:
erastova [34]4 years ago
4 0

Answer:

380281.69-360900.85=19380.84

Explanation:

Perpetuity present value, PV=A/rate

Ordinary Annuity present value, PV= A[(1-(1+7.1%)^40)/7.1%)]

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Sarah, the controller of a large beverage supplier, supervises two employees. Her boss, Vladimir, instructs her to increase the
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3 years ago
Green Corporation reported pretax book income of $1,024,000. During the current year, the net reserve for warranties increased b
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Answer:

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