question 25

You have invested your money into a project that will pay you $1,000 starting 5 years from today (t = 5) and will continue to pay out until 20 years from today (t = 20). If the interest rate is 6% p.a., then the value of your investment today (t=0) is $ 1) 7,516.26 2) 8,904.82 3) 8.493.01 4) 8,004.82 5) 7,206.80