This preview shows page 1. Sign up to view the full content.
Unformatted text preview: payment is made immediately and the interest rate is 8%. c) Find the "true" value of an annuity worth $25,000 each year for 40 years, if the first payment is made at the end of the third year and the interest rate is 8%....
View Full Document
This note was uploaded on 06/04/2011 for the course ADMS 3530 taught by Professor Unknown during the Summer '09 term at York University.
- Summer '09