Determine the present value of an annuity due of $5,000 per year for 25 years discounted back
Fantastic news! We've Found the answer you've been seeking!
Question:
Determine the present value of an annuity due of $5,000 per year for 25 years discounted back to the present at an annual rate of 13 percent. What would be the present value of this annuity due if it were discounted at an annual rate of 18 percent?
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
Posted Date: