Question
A 20-year annuity immediate with annual payments is calculated at 6.2%. The first payment is 500 and increases at 4% annually. Find the present value
A 20-year annuity immediate with annual payments is calculated at 6.2%. The first payment is 500 and increases at 4% annually. Find the present value of this annuity.
Please use annuity summation formulas to calculate! Thanks so much
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
