Question
The value today of a 12 year annuity with payments occurring at the end of each year is $36,000. What would be the value today
The value today of a 12 year annuity with payments occurring at the end of each year is $36,000. What would be the value today of this annuity, if the first payment were to occur at the end of year 3? Assume the interest rate is 8% each year.
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
