Question
You will receive a series of $1,222 payments, annually, beginning exactly 6 years from today, for a total of 10 payments. The relevant interest rate
You will receive a series of $1,222 payments, annually, beginning exactly 6 years from today, for a total of 10 payments. The relevant interest rate (your opportunity cost) is 9% (as an EAR). The present value today (year 0) of this series of payments is $__________.
Margin of error for correct responses: +/- .05
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Personal Finance And Investments
Authors: Keith Redhead
1st Edition
0415428629, 978-0415428620
