3 years from now you will begin receiving annual
payments of $7200. This will continue for 13 years. At a discount rate of 5.8%,
what is the present value of this stream of cash flows?
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He observes that work expands so as to fill the time available for its completion.
Below is the solution
Pv of an annuity =C*(1-(1+i)^-n)/i)
Three years from now if you receive $7200
Time 13-3 =10 years
int rate = 5.8%
we will have
present value of this stream of cash flows will be
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