Question
Calculate the present values of each of 15 annual cash flows with the first payment of $11,000 today, and each subsequent payment 8% greater than
Calculate the present values of each of 15 annual cash flows with the first payment of $11,000 today, and each subsequent payment 8% greater than the previous payment. Assume an effective annual discount rate of 14%.
A) $97,331.82
B) $105,118.37
C) $116,118.37
D) None of the above
Without the use of excel
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
4th Edition
0130176028, 9780130176028
