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25-06-2019
Business

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You own a contract that promises an annuity cash flow of $350 year-end cash flows for each of the next 3 years. (Note: The first cash flow is exactly 1 year from today). At an interest rate of 5%, what is the present value of this contract?

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25-06-2019

at an interest rate of 5%, the present value of the contract would be $953.14

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