Question
You will receive 20 annual payments of $38,500. The first payment will be received 8 years from today and the interest rate is 6.7 percent.
You will receive 20 annual payments of $38,500. The first payment will be received 8 years from today and the interest rate is 6.7 percent. What is the value of the payments today?
Multiple Choice
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$265,193.62
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$481,133.20
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$274,033.41
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$250,460.64
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$248,541.35
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Introduction To Finance Markets Investments And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
14th Edition
0470561076, 9780470561072
