Description of this paper

Loading

Suppose that you will receive annual payments of $12,000 for a-(Answered)

Description

Step-by-step Instant Solution


Question

Suppose?that you will receive?annual payments?of $12,000 for a period of 10 years. The first?payment?will be made 4 years from now. If the interest rate is 6%, what is the present value of this stream of payments?

I calculated a present value of $11,928.43. ?What did I do wrong?

 

Paper#9255966 | Written in 27-Jul-2016

Price : $16
SiteLock