Question
What is the value today of $4,000 payments per year, at a discount rate of 5% p.a. if the first payment is received six years
What is the value today of $4,000 payments per year, at a discount rate of 5% p.a. if the first payment is received six years from now and the final payment is received 20 years from now?
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Get StartedRecommended Textbook for
Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
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