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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Introduction To Financial Accounting
Authors: Charles T Horngren, John A Elliott
9th Edition
0131479725, 978-0131479722
