What is the present value of $1,400 a year at a discount rate of 8 percent if the first payment is received 7 years from
What is the present value of $1,400 a year at a discount rate of 8 percent if the first payment is received 7 years from now and you receive a total of 25 annual payments?
Question 5 options:
|
| $9,417.69 |
|
| $9,238.87 |
|
| $9,333.33 |
|
| $9,420.12 |
|
| $9,881.72 |
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Authors: Oliver Gottschalg
1st Edition
1908783508, 9781908783509
