Question
What is the present value of the following annuity? $4,618 every year at the end of the year for the next 6 years, discounted back
What is the present value of the following annuity? $4,618 every year at the end of the year for the next 6 years, discounted back to the present at 4.96 percent per year, compounded annually?
round answer to two decimal places.
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Financial Management Core Concepts
Authors: Raymond Brooks
4th Edition
134730417, 134730410, 978-0134730417
