what is the percent value of a $1000 annuity for 10 years, with the first paymen

Question

what is the percent value of a $1000 annuity for 10 years, with the first payment occurring at the end of year 10 (that is, ten $1000 payments occurring at the end of year 10 through 19), given a discount rate of 10percent? what is the percent value of a $1000 annuity for 10 years, with the first payment occurring at the end of year 10 (that is, ten $1000 payments occurring at the end of year 10 through 19), given a discount rate of 10percent? what is the percent value of a $1000 annuity for 10 years, with the first payment occurring at the end of year 10 (that is, ten $1000 payments occurring at the end of year 10 through 19), given a discount rate of 10percent?

Explanation / Answer

PV at end of year 10 no of period 10 PMT 1000 FV 0 rate 10% PV $6,144.57 PV at year 0 2368.99773 (6144.57/1.1^10)

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