Question
A 10-year annuity of $5,000 annual payments begins in 6 years. The discount rate is 10%, compounded annually. What is its value today? What is
A 10-year annuity of $5,000 annual payments begins in 6 years. The discount rate is 10%, compounded annually.
What is its value today?
What is its value in 7 years?
No excel please I'd like to see it worked out. Thank you.
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
