A deferred annuity makes four equal payments of $129,987 a year starting at the end of year

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A deferred annuity makes four equal payments of $129,987 a year starting at the end of year 8. If the interest rate is 12%, what is its present value?

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Fundamentals Of Corporate Finance

ISBN: 9781264101566

11th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Alan J. Marcus

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Question Posted: Jan 04, 2023 03:06 AM

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A deferred annuity makes four equal payments of $129,987 a year starting at the end of year

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The present value of an annuity is the value of a series of future payments discounted ...View the full answer

Fundamentals Of Corporate Finance

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