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What is the value of an investment product that pays $500 every year.pdf

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What is the value of an investment product that pays $500 every year for the next 10 years assuming the following information? The discount rate is 8% p.a. with continuous compounding. The first payment occurs in exactly 1 year from now. Any intermediate steps can be rounded to 4 or more decimal places if necessary. Round your final answer in dollars to 2 decimal places and show all steps/explanations. Do not use Excel..

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What is the value of an investment product that pays $500 every year for the next 10 years assuming the following information? The discount rate is 8% p.a. with continuous compounding. The first payment occurs in exactly 1 year from now. Any intermediate steps can be rounded to 4 or more decimal places if necessary. Round your final answer in dollars to 2 decimal places and show all steps/explanations. Do not use Excel.

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