Chandler is moaning because his wealthy aunt just passed and left her cat the following estate: $50,000 per year for the next fifteen years, with
Chandler is moaning because his wealthy aunt just passed and left her cat the following estate: $50,000 per year for the next fifteen years, with the first cash flow today. At a discount rate of 3.2%, what is the pretty kittys estate worth today?
A). $588,352.84
B). $607,180.14
C). $750,000.00
D). $774,000.00
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Authors: Charles Long
1st Edition
0874204305, 978-0874204308
