question archive A six-year annuity pays $1,800 every year that starts in year 5
A six-year annuity pays $1,800 every year that starts in year 5
Subject:FinancePrice: Bought3
A six-year annuity pays $1,800 every year that starts in year 5. The interest rate is 14 percent compounded annually for the first four years and 14.48 percent compounded semi-annua hereafter. Calculate the present value of the annuity at time 0.
