Question
You are told that you will receive $5,000, 4,000, 3,000, 2,000, 1,000 at the end of each year (assume compounded annually), what is the PV
You are told that you will receive $5,000, 4,000, 3,000, 2,000, 1,000 at the end of each year (assume compounded annually), what is the PV of this uneven annuity given a discount rate of 8%?
$13,251
$14,382
$12,337
$12,591
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
