Question: Q 8 : ( Delayed Annuities ) You will receive a 4 - year annuity of $ 5 0 0 per year, with the first

Q8: (Delayed Annuities) You will receive a 4-year annuity of $500 per year, with the first cash flow at year 6. If the discount rate is 10 percent, what is the present value of this annuity? (Tips: you need to find the PV for year 5 first, then obtain the PV for year 0)
Q8: (Delayed Annuities) You will receive a 4-year annuity of $500

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