Question
Your crazy uncle left you a trust that will pay you $16,000 per year for the next 23 years with the first payment received one
Your crazy uncle left you a trust that will pay you $16,000 per year for the next 23 years with the first payment received one year from today. If the appropriate interest rate is 4.9 percent, what is the value of the payments today?
A. $206,972.81
B. $212,541.55
C. $195,474.32
D. $225,128.32
E. $217,866.12
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Options Futures and Other Derivatives
Authors: John C. Hull
10th edition
013447208X, 978-0134472089
