Question
What's the present value of a 6-year ordinary annuity of $1,000 per year, with the first payment being made 3 years from now, plus an
What's the present value of a 6-year ordinary annuity of $1,000 per year, with the first payment being made 3 years from now, plus an additional $1,500 at the end of Year 9 if the interest rate is 6%?
Answer: 5264.25
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The Little Book Of Market Myths: How To Profit By Avoiding The Investing Mistakes Everyone Else Makes
Authors: Kenneth L. Fisher
1st Edition
1118445015, 978-1118445013
