Question
You can purchase an income stream that pays $125,000 at the beginning of each year for fifteen years. Similar investments earn an 8% interest rate.
You can purchase an income stream that pays $125,000 at the beginning of each year for fifteen years. Similar investments earn an 8% interest rate. How much are these payments worth to you at the end of the fifteen-year stream?
(We use a business analyst calculator in class)
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Finance Introduction To Institutions Investments And Management
Authors: Ronald W. Melicher, Edgar A. Norton
11th Edition
0470004460, 978-0470004463
