Question
What is the present value of the following annuity? $936 every year at the end of the year for the next 11 years, discounted back
What is the present value of the following annuity?
$936 every year at the end of the year for the next 11 years, discounted back to the present at 9.94 percent per year, compounded annually?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
