Question
What is the present value of an annuity of $ 1,100 per year for 10 years, with the first payment occurring at the end of
What is the present value of an annuity of $ 1,100 per year for 10 years, with the first payment occurring at the end of year 10 (that is, ten $1,100 payments occurring at the end of year 10 through year 19), given a discount rate of 17 percent?
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The Handbook Of Equity Derivatives
Authors: Jack Clark Francis, William W. Toy, J. Gregg Whittaker
1st Edition
0471326038, 978-0471326038
