Question
Which of the following investments would have the highest future value (in year 5) if the discount rate is 12%? A five year ordinary annuity
Which of the following investments would have the highest future value (in year 5) if the discount rate is 12%?
A five year ordinary annuity of $100 per year
A five year annuity due of $100 per year
$700 to be received at year 5
$500 to be received today (year 0)
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International Finance For Non Financial Managers
Authors: Dora Hancock
1st Edition
0749480017, 9780749480011
