Question
Your crazy uncle left you a trust that will pay you $24,000 per year for the next 17 years with the first payment received one
Your crazy uncle left you a trust that will pay you $24,000 per year for the next 17 years with the first payment received one year from today. If the appropriate interest rate is 5.7 percent, what is the value of the payments today?
Multiple Choice
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$256,970.38
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$230,559.54
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$247,617.69
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$265,536.06
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$244,121.86
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
9th International Edition
1259254801, 9781259254802
