Question
What is the present value of $3,200 per year, at a discount rate of 10 percent, if the first payment is received 6 years from
| What is the present value of $3,200 per year, at a discount rate of 10 percent, if the first payment is received 6 years from now and the last payment is received 20 years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Present value | $ |
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Equity Valuation And Portfolio Management
Authors: Frank J. Fabozzi, Harry M. Markowitz
1st Edition
047092991X, 9780470929919
