Читать книгу Fundamentals of Financial Instruments - Sunil K. Parameswaran - Страница 108

Paula Baker expects to receive $2,500 per year for the next 25 years, starting one year from now. Assuming that the cash flows can be reinvested at 8% per annum, how much will she have at the point of receipt of the last cash flow?

Thus the future value is: