Question
What is the present value of an annuity in which $300 is paid each year for 11 years, assuming a discount rate of 12% and
What is the present value of an annuity in which $300 is paid each year for 11 years, assuming a discount rate of 12% and the first payment is received one year from now? Please round your answer to the nearest hundredth.
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Project Financing Financial Instruments And Risk Management
Authors: Frank J Fabozzi, Carmel De Nahlik
1st Edition
9811231494, 9789811231490
