Question
If interest rates are 5%, what is the present value of a $900 annuity payment over three years? Unless otherwise directed, assume annual compounding periods.
If interest rates are 5%, what is the present value of a $900 annuity payment over three years? Unless otherwise directed, assume annual compounding periods.
-Recalculate the present value at 10% interest and 13% percent interest.
Please show work.
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Financial Management Core Concepts
Authors: Raymond Brooks
4th Edition
134730417, 134730410, 978-0134730417
