Question
Using a discount rate of 9.1% per year, find the present value of an annuity stream in which payments are received annually. The first
Using a discount rate of 9.1% per year, find the present value of an annuity stream in which payments are received annually. The first cash flow of $177-is received immediately, and the last cash flow is received 18 years from today. The cash flows are expected to shrink in size at an annual rate of -4%. Enter your answer as a positive value using at least 4 significant digits.
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Step 12 we can use the formula PV CF 1 r1 CF 1 r2 CF 1 rn Where PV is the present value CF i...Get Instant Access to Expert-Tailored Solutions
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