Question
What is the present value of $1,625 per year, at a discount rate of 7 percent, if the first payment is received 6 years from
What is the present value of $1,625 per year, at a discount rate of 7 percent, if the first payment is received 6 years from now and the last payment is received 22 years from now?
Value today?
Please show work, If you use a calculator i have a TI-83
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
