Question
What is the present value of an annuity that pays $5,000 per year for 13 years when the first payment will be received 6 years
What is the present value of an annuity that pays $5,000 per year for 13 years when the first payment will be received 6 years from now? The interest rate is 11%. Round your answer to 2 decimals places, for example 100.12.
The answer is 20,028.60
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Option Volatility And Pricing Advanced Trading Strategies And Techniques
Authors: Sheldon Natenberg
2nd Edition
0071818774, 978-0071818773
