Question
You expect to receive $2,000 payments every year for 2 years followed by 4 additional payments of $3,000 in years 3, 4, 5, and 6.
"You expect to receive $2,000 payments every year for 2 years followed by 4 additional payments of $3,000 in years 3, 4, 5, and 6. What is the value of all these payments today if the interest rate is 5%?"
| "$14,169 " | ||
| "$12,133 " | ||
| "$10,079 " | ||
| "$13,368 " | ||
| "$11,729 " |
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Money, Banking And Financial Markets
Authors: Stephen G. Cecchetti, Kermit L. Schoenholtz
3rd Global Edition
1259071197, 9781259071195
