Question
You buy an annuity that will pay you $24,000 a year for 20years. The payments are paid at the endof each year. What is the
You buy an annuity that will pay you $24,000 a year for 20years. The payments are paid at the endof each year. What is the value of this annuity today if the discount rate is 8.5 percent?
I'm really struggling with this problem and how I do this on a financial calculator?
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Pricing And Hedging Financial Derivatives A Guide For Practitioners
Authors: Leonardo Marroni, Irene Perdomo
1st Edition
1119953715, 978-1119953715
