Question
A $441 payment must be made every year for 40 years, starting in one year (t = 1, ..., 40). Using a 7% discount rate,
A $441 payment must be made every year for 40 years, starting in one year (t = 1, ..., 40). Using a 7% discount rate, and rounding up to the nearest whole number, the present value of the payments would equal $5879
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
