Question
You are scheduled to receive annual payments of $9,000 for each of the next 23 years. The discount rate is 9.0 percent. What is the
You are scheduled to receive annual payments of $9,000 for each of the next 23 years. The discount rate is 9.0 percent. What is the difference in the present value if you receive these payments at the beginning of each year rather than at the end of each year?
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The Business Of Personal Finance
Authors: Joseph Calandro Jr, John Hoffmire
1st Edition
1032104562, 978-1032104560
