Question
You want to invest some money today that will grow, and later be used to support semi-annual annuity payments of $2500.00, the first one starting
You want to invest some money today that will grow, and later be used to support semi-annual annuity payments of $2500.00, the first one starting exactly 6 years from today. A total of 16 payments will be received over 8 years. If interest is earned at 6% compounded quarterly, how money should be invested today?
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American Public School Finance
Authors: William Owings, Leslie Kaplan
2nd Edition
1111838046, 978-1111838041
