Question
What is the present value of an annuity of $120 received at the end of each year for 11 years? Assume a discount rate of
What is the present value of an annuity of $120 received at the end of each year for 11 years? Assume a discount rate of 7%. The first payment will be received one year from today (round to nearest $1).
| $250 | |
| $400 | |
| $570 | |
| $900 |
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
