Question
Marys replacement is unexpectedly hired away by another school, and Mary is asked to stay in her position for another three years. The board assumes
Marys replacement is unexpectedly hired away by another school, and Mary is asked to stay in her position for another three years. The board assumes the bonus should stay the same, but Mary knows the present value of her bonus will change. What would be the present value of her deferred annuity?
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Python For Finance
Authors: Yves Hilpisch
2nd Edition
1492024333, 978-1492024330
