Question
Suppose that you will receive annual payments of $26,950 for a period of 15 years. The first payment will be made 5 years from now.
| Suppose that you will receive annual payments of $26,950 for a period of 15 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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Risk Management And Financial Institution
Authors: John C. Hull
2nd Edition
0136102956, 9780136102953
