Question
What is the present value today of an ordinary annuity cash flow of $6,000 per year for 30 years at an interest rate of 7%
What is the present value today of an ordinary annuity cash flow of $6,000 per year for 30 years at an interest rate of 7% per year if the 1st cash flow is 6 years from today?
a.$93,967.63 b.$78,211.25 c.$74,454.25 d.$53,084.85
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Options Trading QuickStart Guide The Simplified Beginners Guide To Options Trading
Authors: Clydebank Finance
2nd Edition
1945051051, 978-1945051050
