Question
In 10 years, a medical doctor expects to contribute $10,000 annually in a pension plan with a 5% return for a period of 20 years.
In 10 years, a medical doctor expects to contribute $10,000 annually in a pension plan with a 5% return for a period of 20 years. What is the present value of this contribution?
a)Using the difference in perpetuity approach
b)Using the sum of interest factors approach
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Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
