Anchors are ubiquitous in financial markets

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1. Anchors are ubiquitous in financial markets. Give some examples.

2. Adam owns property that has an assessed value of $87,500. Find the tax due if the tax rate is $8.79 per $100 of the assessed value.

3. You are scheduled to received annual payments of $3,600 for each of the next 12 years. The discount rate is 8 percent. What is the difference in the present value if you receive these payments at beginning of each year rather than at the end of each year?

Reference no: EM131976894

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