An annuity pays out on 1 January in every year, from 1 January 2011 up to (and including) 1 January 2030. The annuity pays £1000 in odd years (2011, 2013, 2015, etc.) and £2000 in even years (2012, 2014, 2016, etc.). Compute the present value of this annuity on 1 January 2011 on the basis on an interest rate of 6% p.a. Answer: £18,060.12. could you show me how to answer this , its a varaying annuity
An annuity pays out on 1 January in every year, from 1 January 2011 up to (and including) 1 January 2030. The annuity pays £1000 in odd years (2011, 2013, 2015, etc.) and £2000 in even years (2012, 2014, 2016, etc.). Compute the present value of this annuity on 1 January 2011 on the basis on an interest rate of 6% p.a. Answer: £18,060.12. could you show me how to answer this , its a varaying annuity
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 12E
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could you show me how to answer this , its a varaying annuity
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