Question
What is the value of an investment that pays $17,000 every other year forever, if the first payment occurs one year from today and the
What is the value of an investment that pays $17,000 every other year forever, if the first payment occurs one year from today and the discount rate is 9 percent compounded daily? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Value today $94292.36
part b. What is the value today if the first payment occurs four years from today? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
I know the answer for part A is 94292.36 but i dont know the answer for part b.
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