Question
An annuity makes quarterly cash flow payments of $150. What date is the present value of the annuity determined, If the first $150 payment occurs
An annuity makes quarterly cash flow payments of $150. What date is the present value of the annuity determined, If the first $150 payment occurs on 16 August 2020
A. 16 April 2020
B. 16 August 2019
C. 16 May 2020
D. 16 July 2020
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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
14th Edition
0135175216, 978-0135175217
