资产评估理论基础(2)(14)

Trick 3： The Infrequent Annuity 不规则年金

Miss Ann Chen receive an annuity of 450, payable once every two years. The annuity stretches out over 20 years. The first payment occurs at date 2, that is, two years from today. The annual interest rate is 6 percent.

Ann Chen小计每次收到450，每两年一次，期限20年，第一次收到付款是在第二期，每年利息率是6%。

(1.06×1.06) 1=

11 ]= 0.12360.1236×0.123610450×[