Hi, How do i solve this corporate finance problem using a formula or financial calculator. The present value of an annuity making annual payments of $3,200 starting 8 years from today is $13,465.99. If the fund earns 10.5%/year (effective), how many annual payments (in whole years) of $3,200 can be made?

Hi, How do i solve this corporate finance problem using a formula or financial calculator. The present value of an annuity making annual payments of $3,200 starting 8 years from today is $13,465.99. If the fund earns 10.5%/year (effective), how many annual payments (in whole years) of $3,200 can be made?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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