Question
What is the present value of $1,200 received at the end of each year for eight years starting in year 4 and ending in year
What is the present value of $1,200 received at the end of each year for eight years starting in year 4 and ending in year 11 if the discount rate is 10 percent per year? A. $3,975.08 B. $4,372.59 C. $4,809.85 D. $6,183.65 E. $6,401.91
the answer is C. but i don't know how to arrive this final answer.
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Real Estate Development Principles And Process
Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
