Q NO 3 (a) A 10-years annuity pays $9000 four times in year. the first...
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Finance
Q NO 3
(a) A 10-years annuity pays $9000 four times in year. the first $9000 will be paid five year from now. if stated interest rate is eight percent , discounted quarterly. what is the present value of this annuity?
(b) you have won the lottery! the loterry official offer you two choices for collecting your winnings you may take four payments of $750000 over the next four years or you may take a one time payment of $750000 today. which would you take?
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