Question
Consider a series of end-of -period CFs spanning 2045-2056, which decrease by a fixed amount each period. The amount of the first CF in the
Consider a series of end-of -period CFs spanning 2045-2056, which decrease by a fixed amount each period. The amount of the first CF in the series is $1,097 and the decrement is $73. The interest rate is 2.6%. What is the equivalent value of this series at the beginning of 2045? (answer: $7,318.57)
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
