Question
What is the value today of $2,000 payments per year, at a discount rate of 3% 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 3% p.a. if the first payment is received five years from now and the final payment is received 20 years from now?
| a. | $21,670.63 | |
| b. | $40,313.76 | |
| c. | $25,122.20 | |
| d. | $22,320.75 |
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Public Finance Theory And Practice
Authors: M. Marlow
1st Edition
0030969603, 978-0030969607
