Question
An annuity will pay you $5,000 per year for six years. The first payment will occur at the end of Year 5. When you employ
An annuity will pay you $5,000 per year for six years. The first payment will occur at the end of Year 5. When you employ the PV formula to compute the present value of the annuity, the result will be the PV as of the end of:
Multiple Choice
a. Year 4.
b. Year 2.
c. Year 1.
d. Year 3.
e. Today, Year 0.
Which choice is correct?
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
