You will receive payments of $300 per year. The first payment will be ten years from today and thelast payment will be 32 years from today. If the yearly interest rate is 5%, what is the present valuetoday of the payments?O 2,927.41O 2,608.46O 2,824.51O 2,347.98

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what is the present value

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

Problem 7Q

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You will receive payments of $300 per year. The first payment will be ten years from today and the
last payment will be 32 years from today. If the yearly interest rate is 5%, what is the present value
today of the payments?
O 2,927.41
O 2,608.46
O 2,824.51
O 2,347.98

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