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Business, 26.02.2020 21:53 simmonss1185

Lawrence invests his money in a special fund for n years. At the end of n years, he has three payout options from which to choose: One-time $11,874.09 cash payment at the end of year n. A perpetuity-immediate with $465.83 level semiannual payments. A 2n-year annuity-immediate with $593.07 level semiannual payments. The annual effective interest rate, i, earned by the fund is constant. Calculate Lawrence’s initial fund value.

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Lawrence invests his money in a special fund for n years. At the end of n years, he has three payout...
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