Question
What is the present value of $3,525 per year, at a discount rate of 10 percent, if the first payment is received 7 years from
What is the present value of $3,525 per year, at a discount rate of 10 percent, if the first payment is received 7 years from now and the last payment is received 25 years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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Fundamentals Of Corporate Finance
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
6th Edition
0072553073, 9780072553079
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