Problem on patterns of payment-deferred annuity

Reference no: EM131787853

Question: Patterns of payment-deferred annuity.

When to use: If an annuity begins in the future. Sample problem: You will receive $1,000 per period, starting at the end of the fourth period and running through the end of the eighth period. With a discount rate of 8 percent, determine the present value. The student is encouraged to work the many problems found at the end of the chapter.

Reference no: EM131787853

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