Loose Leaf for Foundations of Financial Management Format: Loose-leaf
Loose Leaf for Foundations of Financial Management Format: Loose-leaf
17th Edition
ISBN: 9781260464924
Author: BLOCK
Publisher: Mcgraw Hill Publishers
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Chapter 9, Problem 38P

Del Monty will receive the following payments at the end of the next three years: $2,000, $3,500, and $4,500 . Then from the end of the 4th year through the end of the 10th year, he will receive an annuity of $5,000 per year. At a discount rate of 9 percent, what is the present value of all three future benefits?

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Loose Leaf for Foundations of Financial Management Format: Loose-leaf

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