How much do you have to deposit today
Problem
How much do you have to deposit today so that exactly 10 years from now you can withdraw $10,000 a year for the next five years? Assume an interest rate of 6%.
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A stock price is currently $100. Over each of the next two three-month periods it is expected to increase. What is the value of the option if it is American?
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Which era was more important for the development of Western Civilization: the Protestant Reformation or the Scientific Revolution and why?
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