1. Whats the future value of a 3-year ordinary annuity of $100 if the appropriate interest rate...
Question:
1. What’s the future value of a 3-year ordinary annuity of $100 if the appropriate interest rate is 10%?
2. What’s the present value of the annuity?
3. What would the future and present values be if the annuity were an annuity due?
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Future value 100 FVIFA 3 10 100 331 33...View the full answer
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Marvine mabiya
i am a graduate of kirinyaga university degree of statistics
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Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
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he present value of an annuity is the current value of future payments from an annuity, given a specified rate of return, or discount rate. The higher the discount rate, the lower the present value of the annuity
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