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Please help You have a partnership stake in a business that pays you equal payments of $2,000 at the end of each year for the
Please help
You have a partnership stake in a business that pays you equal payments of $2,000 at the end of each year for the next five years. If the annual interest rate stays constant at 8%, what is the value of these payments in today's dollars? Round your answer to the nearest whole dollar. $6,787 $9,981 $7,985 $8,624 You found out that now you are going to receive payments of $7,000 for the next 15 years. You will receive these payments at the beginning of each year. The annual interest rate will remain constant at 16%. What is the present value of these payments? Round your answer to the nearest whole dollar. $61,117 $39,028 $45,272 $36,218Step by Step Solution
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