What is the value today of $1,200 per year, at a discount rate of 9 percent, if the first payment is received 9 years from now and the last payment is received 25 years from today?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 11EA: How much would you invest today in order to receive $30,000 in each of the following (for further...
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What is the value today of $1,200 per year, at a discount rate of 9 percent, if the first
payment is received 9 years from now and the last payment is received 25 years from
today?
Multiple Choice
O
O
$5,006.15
$5,042.41
$5,145.31
$10,352.36
$2,805.56
Transcribed Image Text:What is the value today of $1,200 per year, at a discount rate of 9 percent, if the first payment is received 9 years from now and the last payment is received 25 years from today? Multiple Choice O O $5,006.15 $5,042.41 $5,145.31 $10,352.36 $2,805.56
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