Question
What is the present value of $7,500 per year, at a discount rate of 8.5 percent, if the first payment is received 10 years from
What is the present value of $7,500 per year, at a discount rate of 8.5 percent, if the first payment is received 10 years from now and the last payment is received 25 years from now?
Question 1 options:
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$30,863
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$24,495
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$26,439
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$27,391
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$26,194
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Understanding The Finance Of Welfare
Authors: Howard Glennerster
2nd Edition
1847421091, 978-1847421098
