Question: if i received $2k a year every year for 7 years, starting today at 5% interest rate, it would be the equivalent of receiving today.
if i received $2k a year every year for 7 years, starting today at 5% interest rate, it would be the equivalent of receiving today.
is it PV or FV
WHAT IS THE ANNUITY
WHAT IS THE INTEREST RATE
WHAT IS THE FORMULA IN EXCEL
WHAT IS THE LUMP SUM
WHAT IS THE ANSWER
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
