You are paid £1,500 annually for 8 years, with the first payment due in one year and the last payment due in 8 years. What is the present value of all these payments using an interest rate of 9%? £ 数字 Enter an answer correct to 2 decimal places.

You are paid £1,500 annually for 8 years, with the first payment due in one year and the last payment due in 8 years. What is the present value of all these payments using an interest rate of 9%? £ 数字 Enter an answer correct to 2 decimal places.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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You are paid £1,500 annually for 8 years, with the first payment due in one year and the last payment due in 8 years.
What is the present value of all these payments using an interest rate of 9%?
£ 数字
Enter an answer correct to 2 decimal places.

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