Question
Suppose that you will receive annual payments of $1,003 for a period of 6 years. The first payment will be made 5 years from now.
Suppose that you will receive annual payments of $1,003 for a period of 6 years. The first payment will be made 5 years from now. If the interest rate is 2%, what is the present value of this stream of payments?
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The Handbook Of Financial Instruments
Authors: Frank J. Fabozzi
1st Edition
0471220922, 978-0471220923
