Question
How much would you be willing to pay today for an annuity that promises to pay $8,827 per year for 18 years, beginning exactly one
How much would you be willing to pay today for an annuity that promises to pay $8,827 per year for 18 years, beginning exactly one year from today. Your relevant interest rate is 5 percent. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
