Suppose that you will receive $200 in 4 years (end of year 4) and every even year thereafter (year 6, 8, ) you will receive
Suppose that you will receive $200 in 4 years (end of year 4) and every even year thereafter (year 6, 8, ) you will receive a payment that is 5% bigger than the prior payment. What is the present value of these payments assuming the discount rate is 10% annually?
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Authors: Roger Staiger
2nd Edition
1138046183, 978-1138046184
