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31) Del Monty will receive the following payments at the end of the next three years: $13,000, $16,000, and $18,000. Then, from the end of
31)
Del Monty will receive the following payments at the end of the next three years: $13,000, $16,000, and $18,000. Then, from the end of the 4th through the end of the 10th year, he will receive an annuity of $19,000 per year. |
At a discount rate of 10 percent, what is the present value of all three future benefits? UseAppendix BandAppendix Dfor an approximate answer, but calculate your final answer using the formula and financial calculator methods.(Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
Present value of all future benefits | $ |
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