Question
Compute the present value of an annuity of $ 884 per year for 22 years, given a discount rate of 6 percent per annum. Assume
Compute the present value of an annuity of $ 884 per year for 22 years, given a discount rate of 6 percent per annum. Assume that the first cash flow will occur one year from today (that is, at t = 1). (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
