Question
Suppose that you will receive annual payments of $13,200 for a period of 23 years. The first payment will be made 5 years from now.
| Suppose that you will receive annual payments of $13,200 for a period of 23 years. The first payment will be made 5 years from now. If the interest rate is 8.00%, what is the value of the annuity in year 4, what is the current value of this stream of cash flows? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Value of the Security in Year 4 | $ |
| Value of the Security today | $ |
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Impact Investing Instruments Mechanisms And Actors
Authors: Wolfgang Spiess-Knafl Barbara Scheck
1st Edition
3319665553,3319665561
