Question
Beginning in 7 years, (end of years 7, 8 and 9) Sally Mander will receive three annual benefit checks of $12,000 each.If Sally assumes an
Beginning in 7 years, (end of years 7, 8 and 9) Sally Mander will receive three annual benefit checks of $12,000 each.If Sally assumes an interest rate of 5%, what is the present value of these checks?
$28,560
$26,525
$24,396
$22,469
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
