Time Value of Money Illustration 31
A 12 year payment annuity of  10,000 will begin 8 years hence. (The first payment occurs at the end of 8 years). What is the present value of this annuity if the discount rate is 14 per cent?
Time Value of Money Illustration 31
A 12 year payment annuity of  10,000 will begin 8 years hence. (The first payment occurs at the end of 8 years). What is the present value of this annuity if the discount rate is 14 per cent?
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