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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Global Banking
Authors: Roy C Smith, Ingo Walter, Gayle DeLong
3rd Edition
0195335937, 9780195335934
