Question
What is the present value of $4,100 per year, at a discount rate of 9 percent, if the first payment is received 5 years from
| What is the present value of $4,100 per year, at a discount rate of 9 percent, if the first payment is received 5 years from now and the last payment is received 15 years from now?(Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).) |
| Present value | $
|
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
2nd Edition
0324289235, 9780324289237
