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Question 10 5 pts You will receive a series of $1,216 payments, annually, beginning exactly 6 years from today, for a total of 10 payments.
Question 10 5 pts You will receive a series of $1,216 payments, annually, beginning exactly 6 years from today, for a total of 10 payments. The relevant interest rate (your opportunity cost) is 8% (as an EAR). What is the present value today. (year O) of this series of payments? Do not round any intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 12.345678 then you should enter 12.35). Margin of error for correct answers: +/-.05
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