Question: answer to 5 significant digits Problem 11. Find the present value of an annuity stream in which the first payment of $240 is received 7

answer to 5 significant digits

Problem 11. Find the present value of an annuity stream in which the first payment of $240 is received 7 years from today, and thereafter 10 additional payments are paid to you each year. The size of the annuity payments will increase in size in each year (i.e. g > 0), at an annual rate of g = 4%. Use an annual discount rate of 9.1%

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