Solved: Suppose you just bought a 11-year annuity of 12000 per year, Finance Basics

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Suppose you just bought a 11-year annuity of 12000 per year

Suppose you just bought a 11-year annuity of $12,000 per year at the current interest rate of 11.5% per year. What happens to the value of your investment if interest rates suddenly drop to 6 percent? What if interest rates suddenly rise to 12 percent?

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Finance Basics: Suppose you just bought a 11-year annuity of 12000 per year

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Finance Basics: Suppose you just bought a 11-year annuity of 12000 per year

Reference No:- TGS01493362

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