Question
What is the value in year 8 of the following annuity consisting of four $10,000 payments at an interest rate of 11%? Note the cash
What is the value in year 8 of the following annuity consisting of four $10,000 payments at an interest rate of 11%? Note the cash flow are paid 5, 6, 7, and 8 years from today.
CF0= $0
CF1= $0
CF2= $0
CF3= $0
CF4= $0
CF5= $10,000
CF6= $10,000
CF7= $10,000
CF8= $10,000
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Cases in Financial Reporting
Authors: Michael J. Sandretto
1st edition
538476796, 978-0538476799
