Question
Assume you are the recipient of a two-year, 5 percent, $100 per year annuity. If this is an annuity due instead of an ordinary annuity,
Assume you are the recipient of a two-year, 5 percent, $100 per year annuity. If this is an annuity due instead of an ordinary annuity, what would be the present value of the first receipt?
|
| $100 |
|
| $95 (rounded) |
|
| $186 (rounded) |
|
| $200 |
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The Oxford Guide To Financial Modeling
Authors: Thomas S Y Ho, Sang Bin Lee
1st Edition
019516962X, 9780195169621
