Question
The annuity will pay $10,000 per half year for 4 years. Trying to work out how much this annuity is worth. She thinks she should
The annuity will pay $10,000 per half year for 4 years. Trying to work out how much this annuity is worth. She thinks she should receive a return equivalent to a nominal interest rate of 6.6% per annum, compounding monthly. What is the value of this annuity ?
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Get StartedRecommended Textbook for
Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
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