Question
What is the value today of $1,300 per year, at a discount rate of 9 percent, if the first payment is received 5 years from
What is the value today of $1,300 per year, at a discount rate of 9 percent, if the first payment is received 5 years from now and the last payment is received 23 years from today?
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Foundations Of Financial Markets And Institutions
Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones
4th Edition
0136135315, 978-0136135319
