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To find the equivalent amount in next year, from a series of consecutives payments of $9,000 received each year for 10 years starting today, to
To find the equivalent amount in next year, from a series of consecutives payments of $9,000 received each year for 10 years starting today, to an account yielding 5% per year, the correct equation is:
a) P=9000(F/P,5%,1)(P/A,5%,10)
b) P=9000(P/A,5%,10)
c) P=9000(A/P,5%,10)
d) P=9000(P/F,5%,10)(A/P,5%,1) e) P=9000(A/P,5%,10)(P/F,5%,1)
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
