You expect to receive $8,000 at the end of each year for the next ten years, followed
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Question:
You expect to receive $8,000 at the end of each year for the next ten years, followed by a single cash flow of $17,000 at the end of year 11. If the discount rate is 8%, what is the present value of this combined annuity? Round to the nearest dollar.
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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