Question
Find the present value (as of today) of a 4-year ordinary annuity with $500 payments where the first payment is received at the end of
Find the present value (as of today) of a 4-year ordinary annuity with $500 payments where the first payment is received at the end of the 2nd year and the last payment is received at the end of the 5th year (no cash flow in the 1st year). Use a 10% discount rate.
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International Financial Management
Authors: Jeff Madura
2nd Edition
0314430296, 978-0314430298
