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​Present value of annuity problem

Business & Finance
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Present value of annuity problem 


You will receive $1,200 at the end of the next 15 years, assuming a 8% discount rate, what is the present value of the cash flows?
Oct 14th, 2014

choos  me best 

Pv= 1200*summation of (1/1.08^1+1/1.08^2+...1/1.08^15)=10271

Oct 14th, 2014

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Oct 14th, 2014
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