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How much will this annuity be

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Question - Morgan Jennings, a geography professor, invests $99,000 in a parcel of land that is expected to increase in value by 15 percent per year for the next ten years. He will take the proceeds and provide himself with 18-year annuity.

Assuming a 15 percent interest rate, how much will this annuity be?

Reference no: EM132148423

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