Ask Question
14 June, 07:02

What is the present value of $2,825 per year, at a discount rate of 7 percent, if the first payment is received 9 years from now and the last payment is received 22 years from now?

+4
Answers (1)
  1. 14 June, 07:21
    0
    7% of $2,825.00 is equal to $197.75. 22 minus 9 equals 13 years. 13 times $197.75 is equal to the present value $2,570.75.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the present value of $2,825 per year, at a discount rate of 7 percent, if the first payment is received 9 years from now and the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers