Why can't interest factors for annuities be used when evaluating the present value of an uneven series

Question:

Why can't interest factors for annuities be used when evaluating the present value of an uneven series of receipts? What factors must be used to discount a series of uneven receipts?

AppendixLO1

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Real Estate Finance And Investments

ISBN: 9780073524719

13th Edition

Authors: William Brueggeman, Jeffrey Fisher

Question Posted: