Question
Deposits of 40 are placed into a fund at the end of each year for 20 years with the first deposit occurring at t=5. The
Deposits of 40 are placed into a fund at the end of each year for 20 years with the first deposit occurring at t=5. The effective annual interest rate is 10%. Calculate the present value of the series of payments.
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Bond Markets Analysis And Strategies
Authors: Frank J Fabozzi
8th Edition
013274354X, 9780132743549
