Question
Suppose that for valuing an annuity for gift tax purposes, the IRS currently requires a discount rate of APR = 12%, compounded quarterly. What is
Suppose that for valuing an annuity for gift tax purposes, the IRS currently requires a discount rate of APR = 12%, compounded quarterly. What is the value today of an annuity with 24 quarterly payments of $600,000 if the first payment begins 6 months from today?
Please show all supporting work. Including financial calculator inputs (no excel input or "CF" calculator functions, please).
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
