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You start with $10,000 in the bank at time zero. You add $2,000 to the account at the beginning of each year for 10 years
| You start with $10,000 in the bank at time zero. You add $2,000 to the account at the beginning of each year for 10 years starting today. | |||||||||||
| Including the initial sum in the bank, what is the present value and the future value of this cash flow stream? | |||||||||||
| (Hint: This is an annuity and lump sum cash flow problem rolled into one.) Interest rate is 5.243 | |||||||||||
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Introduction To Financial Models For Management And Planning
Authors: James R Morris, John P Daley
2nd Edition
1498765041, 9781498765046
