NO.PZ2017092702000008
问题如下:
An investment pays €300 annually for five years, with the first payment occurring today. The present value (PV) of the investment discounted at a 4% annual rate is closest to:
选项:
A. €1,336.
B. €1,389.
C. €1,625.
解释:
B is correct,
as shown in the following calculation for an annuity (A) due:
where A = €300, r = 0.04, and N = 5.
PV = €1,388.97, or €1,389.
为啥payment今天产生就是先付年金呀 不太理解