Question: Homework 2 Homework . Due in 10 hours 0 9/10 answered Unanswered 2 attempts left - Submit Question 10 Homework - Unanswered An asset is

 Homework 2 Homework . Due in 10 hours 0 9/10 answered

Homework 2 Homework . Due in 10 hours 0 9/10 answered Unanswered 2 attempts left - Submit Question 10 Homework - Unanswered An asset is projected to generate 19 annual cash flows of $2,000 starting 8 years from today. If the discount rate is 6%, how much is this asset worth today? Round to the nearest cent. (Hint: This is a deferred annuity. Remember the rule about where on the timeline PV annuity goes when you have a deferred annuity.) Numeric Answer: 14001.48 You are incorrect 14001.48 the PV annuity formula, n is the number of annual cash flows. That's given by the question. Once you find the PV, you need to n s le seinale rach flow u

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