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An annuity will pay $158,000 annual cash flows in each of 12 years, but the first cash flow doesn't occur until 5 years from now.
An annuity will pay $158,000 annual cash flows in each of 12 years, but the first cash flow doesn't occur until 5 years from now. If the discount rate is 7%, what i the present value of this annuity today ?
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
5th Edition
0131445650, 9780131445659
