question 21

A young graduate has been offered a time-share on a condo in Steamboat Springs, Colorado. To be a part owner, the graduate must pay $1,621.00 at the end of each year for the next 19.00 years. If the graduate's discount rate is 7.40% p.a., then the graduate should be willing to pay $ today instead of making payments. O 1) 16,262.93 O2) 16,754.00 3) 16,505.62 4) 17.002.58 5) 15,793.99