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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-2016Price : $17.85