Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
You are offered the opportunity to put some money away for retirement. You will receive 10 annual payments of $45,000 each beginning in 25 years.
You are offered the opportunity to put some money away for retirement. You will receive 10 annual payments of $45,000 each beginning in 25 years. How much would you be willing to invest today if you desire an annual interest rate of 12%?
