Question
What is the present value of an annuity of $27 received at the beginning of each year for the next six years? The first payment
What is the present value of an annuity of $27 received at the beginning of each year for the next six
years? The first payment will be received today, and the discount rate is 10% (round to nearest $10).
Note: How do I solve this using a financial calculator in terms of N, PMT, PV, FV, I/Y... the answer is 129 but I need to know how
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
