Question
What is the present value of a 6-year ordinary annuity of $2,500 per year plus an additional $1,000 at the end of Year 6 if
What is the present value of a 6-year ordinary annuity of $2,500 per year plus an additional $1,000 at the end of Year 6 if the interest rate is 6%?
a.$6,679.73
b.$9,347.89
c.$11,278.17
d.$12,998.27
e.$13,735.87
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
