Business, 28.01.2020 03:31 yeseniabustillos24
Suppose a pension company sells a different kind of annuity. if you buy this annuity, then you will get $45,000 per year for 30 years. but the first cash-flow will be made 5 years from your purchase of the annuity. the interest and discount rates are 2%/year, compounded annually. what is the present value of this annuity? (hint: you need to take 2 steps to find the present value of this different kind of annuity. compute the present value of this annuity at 4 years from now, not as of today, using the standard annuity formula. then, compute its present value (as of today) again using the present formula for a single cash-flow treating the answer from the first step as one hypothetical single cashflow in 4 years.) 1. $931,088.84 2. $933,088.84 3. $935,088.84 4. $937,088.84 5. $939,088.84
Answers: 2
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Richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.
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What quantities should a judge have and how are judges chosen
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