Solution-Present value of a thirty-year annuity

Present value of a thirty-year annuity

Reference no: EM131213927

What is the present value of a thirty-year annuity that pays $3000 a year with the annuity first payment occurring in Year 21? (first payment in Year 21) Also, the interest rate is expected to be 4 percent until Year 21 and then to increase to 5 percent thereafter.

Reference no: EM131213927

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Present value of a thirty-year annuity

Reference no: EM131213927

Reference no: EM131213927

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