A 20-year annuity with annual payments has a first payment now of $100,000 with each succeeding payment decreasing by 5%
Posted: Tue Nov 16, 2021 8:34 am
A 20-year annuity with annual payments has a first payment now
of $100,000 with each succeeding payment decreasing by 5%.
Determine the PV of this annuity if the effective annual rate of
interest is 4%.
of $100,000 with each succeeding payment decreasing by 5%.
Determine the PV of this annuity if the effective annual rate of
interest is 4%.