Finance Annity question

timer Asked: Jan 30th, 2016

Question description

What is the present value today (t = 0) of the following CF’s occurring at intervals of one year if the rate of interest is 4-percent compounded annually: 
(i) Ten consecutive CF’s of $590 beginning at the end of year four (t = 4), and 
(ii) Twenty consecutive CF’s of $803 beginning at the end of year fourteen (t = 14)?

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