Question
You are set to receive an annual payment of $12,100 per year for the next 17 years. Assume the interest rate is 7 percent. How
You are set to receive an annual payment of $12,100 per year for the next 17 years. Assume the interest rate is 7 percent. How much more are the payments worth if they are received at the beginning of the year rather than the end of the year?
Multiple Choice
$8,682.92
$7,752.61
$8,269.45
$7,364.98
$8,011.03
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
6th Edition
0201538997, 978-0201538991
