Question
What is the present value of a 6-period annuity of $400 per year that begins 4 years from today if the discount rate is 8%
What is the present value of a 6-period annuity of $400 per year that begins 4 years from today if the discount rate is 8% per annum compounded annually?
Please provide your answer to the nearest cent, without the unit of dollar sign (e.g., 1001.15).
Answer:
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
