Question
What is the present value of $4,400 per year, at a discount rate of 9 percent, if the first payment is received 5 years from
| What is the present value of $4,400 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).) |
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. FinklerDaniel L. Smith, Thad D. Calabrese
6th Edition
978-1506396811, 150639681X
