A securities provide a payout of 30000 each year for 6, Finance Basics

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A securities provide a payout of 30000 each year for 6

Problem:

A securities provide a payout of $30,000 each year for 6 years. Suppose first amount comes in one year. What is the sale value of the security if the discount rate is 7%?

Additional Information:

This question is basically belongs to Finance as well as it discusses about the computation of discount rate for security payout for 6 years. The solution has the calculation.

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Finance Basics: A securities provide a payout of 30000 each year for 6

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Finance Basics: A securities provide a payout of 30000 each year for 6

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