CFA Level 3 | AA & PWM: Present Value of a Growing Annuity
CFA Level 3
Topic: Asset Allocation
In the reading related to Goals-Based Investing, there can be questions where you need to compute the present value of an annuity that grows at a constant rate for a finite number of years.
In this video, I show a simple hack to adjust the discount rate based on the growth rate so you can input it into the Texas BA II Financial Calculator.
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