FINANCE 3360 Suppose that you will receive annual payments of $12,000 for a period
June 7th, 2024
Suppose that you will receive annual payments of $12,000 for a period of 10 years. The first payment will be made 4 years from now. If the interest rate is 6%, what is the present value of this stream of payments?I calculated a present value of $11,928.43. What did I do wrong?