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What is the annuity worth to you today

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Reference no: EM132227778

As part of your employee benefits package, you are offered an annuity that will pay $14,000 per year for 9 years (the first payment will occur two years from today). If the appropriate interest rate is 11%,

a) What is the annuity worth to you today?

b) What is the annuity worth at the end of the 9 years

Reference no: EM132227778

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