Question
You know that a 24 year annuity with a iirst payment of $1 growing at 11% annually is worth $14.3108. A similar 23 year annuity
You know that a 24 year annuity with a iirst payment of $1 growing at 11%
annually is worth $14.3108. A similar 23 year annuity is worth $13.9257.
Why is that? How do you calculate the number $14.3108?
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International Financial Management
Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
