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Find the present value of 30 annual payments of $ 4,500 per annum where the first payment is made 17 years from now. So there
Find the present value of 30 annual payments of $4,500 per annum where the first payment is made 17 years from now. So there are 30 annual payments from t=17 to t=46 inclusive. The discount rate is 20% pa. The present value of these payments is:
Select one:
a. $22,405.2135
b. $22,386.2562
c. $1,216.7464
d. $1,211.8507
e. $242.3702
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