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Hello can you please provide assistance with the below problems? What is the present value of $2,000 per year for 9 years discounted back to
Hello can you please provide assistance with the below problems?
- What is the present value of $2,000 per year for 9 years discounted back to the present at 9 percent?
- The statelottery's million-dollar payout provides for $1.2 million to be paid in 25 installments of $48,000 per payment. The first $48,000 payment is madeimmediately, and the 24 remaining $48,000 payments occur at the end of each of the next 24 years. If 9 percent is the discountrate, what is the present value of this stream of cashflows? If 18 percent is the discountrate, what is the present value of the cashflows?
a. If 9 percent is the discountrate, the present value of the annuity due is $???
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