6. You have just retired and your pensioner agrees to pay you RM12, 000 per year for the next 20 years, and you receive the first payment today. Assuming that the interest rate is 7%, calculate the closest value of the present value of your payments.
6. You have just retired and your pensioner agrees to pay you RM12, 000 per year for the next 20 years, and you receive the first payment today. Assuming that the interest rate is 7%, calculate the closest value of the present value of your payments.
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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6. You have just retired and your pensioner agrees to pay you RM12, 000 per year for the next 20 years, and you receive the first payment today. Assuming that the interest rate is 7%, calculate the closest value of the present value of your payments.
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