Suppose that you will receive annual payments of $10,000 for a period of 10 years. The first

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Suppose that you will receive annual payments of $10,000 for a period of 10 years. The first payment will be made 4 years from now. If the interest rate is 5%, what is the present value of this stream of payments?

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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Question Posted: Jun 30, 2016 09:10 AM

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Suppose that you will receive annual payments of $10,000 for a period of 10 years. The first

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This problem can be approached in two steps First find the present value ...View the full answer

Fundamentals of Corporate Finance

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