Question
AprilStigumwill receive a 10-year annuity of $5,000 per year, beginning 5 years from today.In other words, the first payment will be made at the end
AprilStigumwill receive a 10-year annuity of $5,000 per year, beginning 5 years from today.In other words, the first payment will be made at the end of year 5.Assuming a required rate of return of 6%, calculate the present value today of her annuity.(Enter a positive value and round to 2 decimals)
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
