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A contract calls for annual payments of $ 1 , 2 0 0 . Find the present value of the contract assuming. When making these
A contract calls for annual payments of $ Find the present value of the contract assuming. When making these calculations, you need to use a present value factor that is carried to three decimal places to get the correct answers.
a The number of payments is and the current interest rate is percent. Your answer should contain a dollar sign and should be shown as dollars and cents.
b The number of payments is and the current interest rate is percent. Your answer should contain a dc sign and should be shown as dollars and cents.
c Between the two calculations, A and which option is the best option for the person receiving the payment? State in a full sentence why you chose this option.
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