Question
You made an investment which will pay you $950 per year for the next 11 years. You can earn 8.2% per year on similar investments.
You made an investment which will pay you $950 per year for the next 11 years. You can earn 8.2% per year on similar investments. What is the value of this investment if the first payment made to you is NEXT YEAR?
Please show step by step. Thank you :)
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
5th Edition
0078110289, 978-0078110283
