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Investment A will pay you 1,000,000 in eight years time; investment B will pay you 30,000 each year for all years into the future with
- Investment A will pay you 1,000,000 in eight years time; investment B will pay you 30,000 each year for all years into the future with the first payment today. If interest rates are expected to remain at 6% per year, calculate the present value for investments A and B and note which one is more valuable.
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Options Futures And Other Derivatives
Authors: John C. Hull
11th Edition
013693997X, 9780136939979
