Question
What would you pay for an annuity of $3,000 per year for 12 years if the interest rate is 10%? Data: Annuity PMT=$3,000 n=12 years
What would you pay for an annuity of $3,000 per year for 12 years if the interest rate is 10%?
Data:
Annuity PMT=$3,000
n=12 years
r =10%
PVA12 =?
FORMULA PRESENT Value of an Annuity=?
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Financial Management Principles and Application
Authors: Arthur J. Keown, J. William Petty, David F. Scott, Jr.
10th edition
536514119, 536514110, 978-0536514110
