Question
What is the value today of $2,000 payments per year, at a discount rate of 5% p.a. if the first payment is received five years
What is the value today of $2,000 payments per year, at a discount rate of 5% p.a. if the first payment is received five years from now and the final payment is received 20 years from now?
a.
$47,314.98
b.
$16,983.35
c.
$21,675.54
d.
$17,832.52
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Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
