Question
An annuity will pay an annual amount of $50,000 per year at the end of the year for the next 20 years. This is total
An annuity will pay an annual amount of $50,000 per year at the end of the year for the next 20 years. This is total of $1 million over the life of the annuity. What is the present value of this annuity TODAY if the interest rate is 10%?
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Quantitative Finance: An Object-Oriented Approach In C++
Authors: Erik Schlogl, Dilip B. Madan
1st Edition
1584884797, 978-1584884798
