Monday, 23 June 2014

Mike Carlson will receive $12,000 a year from the end of the third year to the end of the 12thyear (10 payments)

Mike Carlson will receive $12,000 a year from the end of the third year to the end of the 12thyear (10 payments). The discount rate is 10%. The present value today of this deferred annuity is:


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