What is the present value of $1800 paid at the end of each of the next 100 years if the interest rate is 8% per year? (Round to the nearest dollar.)

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
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What is the present value of $1800 paid at the end of each of the next 100 years if the interest rate is 8% per
year? (Round to the nearest dollar.)
Transcribed Image Text:What is the present value of $1800 paid at the end of each of the next 100 years if the interest rate is 8% per year? (Round to the nearest dollar.)
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