Asked by Thomas

Find the lump sum deposited today that will yield the same total
amount as payments of $10,000 at the end of each year for 15 years at a
rate of 4% compounded annually.

Answers

Answered by Reiny
Present value
= 10000 (1 - 1.04^-15)/.04
= ....
There are no AI answers yet. The ability to request AI answers is coming soon!

Related Questions