Question
Compute the present value of an annuity of $ 723 per year for 16 years, given a discount rate of 7 percent per annum. Assume
Compute the present value of an annuity of $ 723 per year for 16 years, given a discount rate of 7 percent per annum. Assume that the first cash flow will occur one year from today (that is, at t = 1).
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
0691202893, 978-0691202891
