Present value of an annuity: Suppose that the networking company in Problem 6.27 will not start paying

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Present value of an annuity: Suppose that the networking company in Problem 6.27 will not start paying you until the first of the new systems that uses your software is sold in two years. What is the present value of that annuity? Assume that the appropriate interest rate is still 6 percent.

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Fundamentals Of Corporate Finance

ISBN: 9781119795438

5th Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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