Suppose you deposit 529 five years from today and each year, Financial Management

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Suppose you deposit 529 five years from today and each year

Suppose you deposit $529 five years from today and each year thereafter deposit $529 for a total of ten consecutive cash flows (CF's); i.e. ten consecutive annual CF's beginning five years (t = 5) from today. Calculate the present value today (t = 0) of these CF's if the rate of interest is 4.6-percent compounded annually.

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Financial Management: Suppose you deposit 529 five years from today and each year

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Financial Management: Suppose you deposit 529 five years from today and each year

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