Question
To Whom It May Concern: I am having trouble with the following: What is the present value of the following annuity? $1,062 every year at
To Whom It May Concern:
I am having trouble with the following:
What is the present value of the following annuity? $1,062 every year at the end of the year for the next 8 years, discounted back to the present at 11.92 percent per year, compounded annually?
Round the answer to two decimal places.
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
