Question
To settle a debt a borrower has offered to pay five annual amounts of $1,000 starting at the beginning of year 3. Given an interest
To settle a debt a borrower has offered to pay five annual amounts of $1,000 starting at the beginning of year 3. Given an interest rate of 4% per annum what is the value of these payments to a lender today?
| $4,316.81 | ||
| $4,446.32 | ||
| $4,579.71 | ||
| None of these responses | ||
| $4,629.90 |
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Stock Market Investing For Beginners
Authors: George Graham
1st Edition
1914346432, 978-1914346439
