Question
You plan to receive annual payments of $4,000 at the end of each year for ten years, at the end of each year. The first
You plan to receive annual payments of $4,000 at the end of each year for ten years, at the end of each year. The first payment will be received in year 3. What is the present value of these payments if the discount rate is 9 percent?
A.$25,670.63
B.$19,882.44
C.$23,551.04
D.$21,606.46
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
