Question
You are offered an annuity that will pay $16,000 per year for 7 years (the first payment will occur one year from today). If
You are offered an annuity that will pay $16,000 per year for 7 years (the first payment will occur one year from today). If you feel that the appropriate discount rate is 9%, what is the annuity worth to you today? $87,774.70 $147,206.95 $80,527.25 $160,455.58 $128,188.63
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
