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Find the present value of 10 annual payments of $ 1,000 per annum where the first payment is made 17 years from now. So there
Find the present value of 10 annual payments of $1,000 per annum where the first payment is made 17 years from now. So there are 10 annual payments from t=17 to t=26 inclusive. The discount rate is 21% pa. The present value of these payments is:
a.
$158.69
b.
$192.01
c.
$3,905.43
d.
$4,054.08
e.
$4,761.9
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