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Rickos Rickos
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6 years ago
You are going to pay $800 into an account at the beginning of each of 20 years. The account will then be left to compound for an additional 20 years. At the end of the 41st year you will begin receiving a perpetuity from the account. If the account pays 14%, how much will you receive each year from the perpetuity (round to nearest $1.00)?
A) $140,112
B) $150,360
C) $159,728
D) $182,090
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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David_hessDavid_hess
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Rickos Author
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#2
6 years ago
I really needed your help, thank you! Smiling Face with Glasses
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