Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 5 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 May 2018 My Price 3.00

Morgan Jennings

5. Morgan Jennings, a geography professor, invests $97,000 in a parcel of land that is expected to increase in value by 11 percent per year for the next ten years. He will take the proceeds and provide himself with a 14-year annuity.

Assuming a 11 percent interest rate, how much will this annuity be? Use Appendix A and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
 

Answers

Maurice Tutor
(5)
Status NEW Posted 06 May 2018 03:05 PM My Price 3.00

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