Question
Your friend promises you an annuity of 25 payments. If the first payment occurs in year 1, the interest rate is 20% and the present
Your friend promises you an annuity of 25 payments. If the first payment occurs in year 1, the interest rate is 20% and the present value at year zero for the promise is $400, which of the following is right about the payment at year 7?
a.$16.27
b.$19.27
c.$47.93
d.$80.85
e.None of the above
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Handbook Of Business Valuation
Authors: Thomas L. West, Jeffrey D. Jones
2nd Edition
0471297879, 978-0471297871
