Suppose you just bought a 11-year annuity of $15,600 per yea

Assignment Help Finance Suppose you just bought a 11-year annuity of $15,600 per yea

Finance

Suppose you just bought a 11-year annuity of $15,600 per yea

Suppose you just bought a 11-year annuity of $15,600 per year at the current interest rate of 11.5… Show more Suppose you just bought a 11-year annuity of $15,600 per year at the current interest rate of 11.5 percent per year. What is the value of the investment at the current interest rate of 11.5 percent? What happens to the value of your investment if interest rates suddenly drop to 6.5 percent? What happens to the value of your investment if interest rates suddenly rise to 16.5 percent? • Show less

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