Question
Cash-flow A consists of a level annuity of 5 equal payments of $14,661 starting in year 7 and a lump sum of $158,563 in year
Cash-flow A consists of a level annuity of 5 equal payments of $14,661 starting in year 7 and a lump sum of $158,563 in year 13. If the interest rate is 4.76%, what is the present value of cash-flow A?
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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
14th Edition
0135175216, 978-0135175217
