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You have an annuity of equal annual end of the year cash flows of $500 that begin two years from today and last for a
You have an annuity of equal annual end of the year cash flows of $500 that begin two years from today and last for a total of ten cash flows. Using a discount rate of 4%, what are those cash flows worth in today's dollars? I need to know how to input this problem through the BA2 Plus calculator. So
N=
I/Y=
PV= This is what is to be computed.
PMT=
FV=
The book says the answer is 3,899.47 but i keep getting 4,055.45
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