Using a discount rate of 9.1% per year, find the present value of an annuity stream...

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Using a discount rate of 9.1% per year, find the present value of an annuity stream in which payments are received annually. The first cash flow of $177-is received immediately, and the last cash flow is received 18 years from today. The cash flows are expected to shrink in size at an annual rate of -4%. Enter your answer as a positive value using at least 4 significant digits. Using a discount rate of 9.1% per year, find the present value of an annuity stream in which payments are received annually. The first cash flow of $177-is received immediately, and the last cash flow is received 18 years from today. The cash flows are expected to shrink in size at an annual rate of -4%. Enter your answer as a positive value using at least 4 significant digits.

Answer rating: 100% (QA)

Step 12 we can use the formula PV CF 1 r1 CF 1 r2 CF 1 rn Where PV is the present value CF i... View the full answer