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? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Value today $
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
16th Edition
013749601X, 978-0137496013
