Question
How much must be invested now to receive $50,000 for 15 years if the first $50,000 is received today and the rate is 9%? Periods
How much must be invested now to receive $50,000 for 15 years if the first $50,000 is received today and the rate is 9%?
| Periods | PV-OA at 9% |
| 14 | 7.78615 |
| 15 | 8.06069 |
| 16 | 8.31256 |
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
4th International Edition
013284298X, 9780132842983
