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An annuity has payments of $2 000 at the end of each year for 10 years. If interest is at j1 = 8% p.a. for
An annuity has payments of $2 000 at the end of each year for 10 years. If interest is at j1 = 8% p.a. for 6 years followed by j1 = 9% p.a. for 14 years calculate the future value at time 10. Answer this question by, first, drawing a cash flow diagram, then writing down the equation of value, and then solving it
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