What is the present value of a twenty five annuity that, Ask an Expert

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What is the present value of a twenty five annuity that pays $1500 a year with the annuity first payment occurring in Year 8? (first payment in Year 8) Also, the interest rate is expected to be 5 percent until Year 8 and then to increase to 9 percent hereafter.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91418004

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