What is the present value of a 3-year annuity of $100 if the discount rate is 6 percent?
b. What is the present value of the annuity in (a) if you have to wait 2 years instead of 1 year for the payment stream to start?
please show all work. Thanks!
What is the present value of a 3-year annuity of $100 if the discount rate is 6 percent?
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