Question
You have an annuity of $500 that begins three years from today and lasts for a total of fifteen years. Using a discount rate of
You have an annuity of $500 that begins three years from today and lasts for a total of fifteen years. Using a discount rate of 7%, calculate the present value of the payments.
A) $3,528 B) $3,717 C) $3,906 D) $4,105 E) $4,303
The answer is B. But could you show me how to get the answer via financial calculator or excel please? Could you show me your steps? Ill give thumbs up
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Entrepreneurial Finance Venture Capital Deal Structure And Valuation
Authors: Janet Kiholm Smith, Richard L. Smith
2nd Edition
1503603210, 978-1503603219
