Question
You buy an annuity that will pay you $9,400 on the first day of each quarter for the next 33 years. What is the value
You buy an annuity that will pay you $9,400 on the first day of each quarter for the next 33 years. What is the value of this annuity today if the discount rate is 8.2 percent?
don't round steps, answer is 2 decimals
Value today = $
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
0691202893, 978-0691202891
