What amount should kilarny company pay for investment
Problem:
Kilarny Company is considering investing in an annuity contract that will return $20,000 annually at the end of each year for 15 years. What amount should Kilarny Company pay for this investment if it earns a 6% return?
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What amount should Kilarny Company pay for this investment if it earns a 6% return?
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What will the monthly payment be if you take out a $100,000 15 year mortgage at an interest rate of 1% per month?
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