What is the present value of $7,000 per year, at a discount rate of 2.5 percent, if the first payment is received 4 years from now and the last payment is received 14 years from now? $62,375 $58,732 $69,860 $59,880 $64,671
What is the present value of $7,000 per year, at a discount rate of 2.5 percent, if the first payment is received 4 years from now and the last payment is received 14 years from now? $62,375 $58,732 $69,860 $59,880 $64,671
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
Problem 3CC
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