Question
Dom Grady just won the lottery and will receive annuity payments of $15,000 for each of the next 20 years, starting today (January 1, 2017).
Dom Grady just won the lottery and will receive annuity payments of $15,000 for each of the next 20 years, starting today (January 1, 2017). What is the present value of the annuity payments as of today, assuming a 8% interest rate, compounded annually?
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Introduction To Data Analytics For Accounting
Authors: Vernon Richardson, Katie Terrell, Ryan Teeter
1st Edition
126406828X, 978-1264068289
