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If someone has been receiving $230 annually for the last 15 years, what is the value...

  1. If someone has been receiving $230 annually for the last 15 years, what is the value of the original investment assuming an 11% interest rate and that payments come in the beginning of the year?

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Answer #1

Value of investment P+Px[1-(1:(1+r)^(n-1)]=r Here, 11% 15 1 1 Interest rate per annum 2 Number of years 3 Number of compoundi

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