Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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You are paid £2,500 annually for 6 years, with the first payment due in one year and the last payment due in 6 years.
What is the present value of all these payments using an interest rate of 10%?
£
Enter an answer correct to 2 decimal places.
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Transcribed Image Text:You are paid £2,500 annually for 6 years, with the first payment due in one year and the last payment due in 6 years. What is the present value of all these payments using an interest rate of 10%? £ Enter an answer correct to 2 decimal places.
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