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Boomer Co. offers a financial security that pays $200 annually for 5 years and the...

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Accounting

Boomer Co. offers a financial security that pays $200 annually for 5 years and the market rate is 5%. Explain how to calculate using finance calculator (BA II) and what to enter to get results.
a. How much is that security worth to you today?
b. How much is the security worth if the market rate is 5% for the first three years, then decreases to 3% for the final two years of payments?
C. How much is the security worth if the $200 payment grows by 4% every year?

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