Corp finance annuity
If your company purchases an annuity that will pay $50,000 a year for 10 years at an 11% discount rate what is the value of the annuity on the purchase date if the first annuity payment is made on the date of purchase?
If your company purchases an annuity that will pay $50,000 a year for 10 years at an 11% discount rate what is the value of the annuity on the purchase date if the first annuity payment is made on the date of purchase?