Question
Suppose that you will receive annual payments of $28,600 for a period of 5 years. The first payment will be made 8 years from now.
Suppose that you will receive annual payments of $28,600 for a period of 5 years. The first payment will be made 8 years from now. If the interest rate is 6.00%, what is the value of the annuity in year 7, what is the current value of this stream of cash flows?
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Public Finance
Authors: Harvey Rosen, Ted Gayer
10th Global Edition
007715469X, 978-0077154691
